SOURCE: U.S. Energy Information Administration
November 8, 2024
BY Erin Voegele
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Annual Unleaded 88 sales in Minnesota reached a new milestone in 2024 with 142.75 million gallons sold, an increase of 11.63% from the previous record of 127.87 million gallons in 2023, according to the Minnesota Bio-Fuels Association.
U.S. fuel ethanol production was up slightly the week ending Feb. 14, according to data released by the U.S. Energy Information Administration on Feb. 20. Stocks of fuel ethanol were up 2% and exports were down 8%.
UNICA, the Brazilian sugarcane industry association, has reported that ethanol production was up during the second half of January with more than 96% of production coming from corn. Ethanol sales were also up for the full month.
Green Plains Inc. released fourth quarter financial results on Feb. 7, reporting a larger-than-expected net loss despite the satisfactory performance of its plant assets. The company announced it is launching a corporate reorganization.
The USDA maintained its forecast for 2024-’25 corn use in ethanol in its latest World Agricultural Supply and Demand Estimates report, released Feb. 11. The outlook for corn prices, however, was increased.