The Energy Information Administration (EIA) released its June Short-Term Energy Outlook (STEO) today, dropping its forecast for ethanol use for the third month in a row. Per today’s report, consumption this year is projected to average 804,000 barrels per day (bpd), down from 815,000 barrels per day (BPD) in May. That is about 12.88 billion gallons.
Of course, much of the reduction for that yearly average is based on what has already taken place under the COVID-19 lockdown, with gasoline use down about 23 percent in Q2 2020. Ethanol consumption is projected to rebound in the second half of the year and continue for the next 18 months, as is ethanol production, but not really dramatically until the new corn marketing year with a 7.5...
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...
