The Energy Information Administration (EIA) released its October Short Term Energy Outlook (STEO) cutting ethanol, biodiesel, and gasoline use projections for 2021.
EIA’s forecast of actual ethanol blending for 2021 is about 13.92 billion gallons, which is 11 percent of the forecast 126 billion gallons of gasoline use. Ethanol production for the rest of 2020 was forecast to remain the same as projected in September at 900,000 bbl/day and biodiesel will increase 1,000 barrels to 113,000 bbls/day for the rest of the year. Looking ahead to Friday’s WASDE, the EIA projections, on top of September 2020 weekly production, would put MY 2020/21 corn use at about 5,325 million bushels, or 225 million bushels more than th...
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...
