Producers watching for a spring or summer weather rally
February 24, 2015
BY Jason Sagebiel, FCStone
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The USDA maintained its forecast for 2023-’24 corn use in ethanol in its latest World Agricultural Supply and Demand Estimates report, released Dec. 8. The overall outlook for 2023-’24 U.S. corn is for higher exports and lower ending stocks.
The U.S. exported 117.09 million gallons of ethanol and 896,708 metric tons of distillers grains in October, according to data released by the USDA on Dec. 6. Exports of both products were up when compared to October 2022.
UNICA, the Brazilian sugarcane industry association, has announced sugarcane processing was up during the first half of November. Ethanol production and sales were also up when compared to the same period of 2022.
U.S. Grains Council staff and member representatives in November visited Lagos and Abuja to engage with policymakers and market players regarding the possibility of Nigeria lifting the current suspension of its E10 mandate.
The USGC was invited by the Latin American Energy Organization to participate in a panel focused on liquid biofuels and their role in decarbonizing transportation during the VIII Energy Week event held in Uruguay.
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