USDA released the January Grain Crushings report yesterday; total corn use for fuel alcohol was down 11 percent from January 2020, and down 6 percent from January 2019.
Dry mill production of DDGS was 1.7534 MMT during January 2021, 90 percent of last year and 98 percent of December. On the year, ethanol use of corn was down 555.4 million bushels, or 10 percent.
Wet milling co-products fared better than dry milling. DDGS production was down 2.4 MMT on the year and corn distillers oil was down 141,265 MT. Only wet mill production of corn gluten meal was up year-over- year.
Ethanol production took another dip last week, a victim of the cold weather which disrupted natural gas supply and caused power outages. Production wa...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
