The U.S. Energy information Administration (EIA) today released the May Short-Term Energy Outlook (STEO), which maintains its estimate of ethanol use in 2019 at 14.53 billion gallons but trims the forecast for 2020 about 0.4 percent to 14.55 billion gallons (949,000 barrels/day). On a marketing year basis, the ethanol supply shows a slight drop in production in MY 2018/19 and a net wash in consumption. We’re now in Q3, and both consumption and production will start to inch upward into the summer driving season. The EPA’s approval of year-round E15 use by 1 June could add an ever-so-slight boost if that new expected regulation doesn’t get caught up in legal challenges.
Meanwhile, USDA data shows that corn use by ethanol...
The corn and soy complex closed higher, with the wheat market mixed, as winter wheat closed up but spring wheat and livestock ended lower. Part of the strength for corn and soybeans may have been a weather premium, as crop planting has started out fast but warm weather has been slow to develop...
Real GDP grew at a 2 percent annual rate in the first quarter of 2026, slightly below the consensus expectation of 2.3 percent but above the 0.5 percent growth in Q4 2025. The GDP number matches the average annualized pace of growth since the peak back in late 2007, right before the Financial P...
Reflect for a moment on what you eat. There is a lot of advice out there in the ether about what you should eat, but really, what do you currently eat and how much? The good people at the USDA have some data for you, to help you answer that question. USDA says that we eat quite a bit of meat. L...
