Another week, another record for U.S. ethanol production. The Renewable Fuels Association (RFA) released ethanol production data for the week ending Dec. 12:
Ethanol production: 41.6 million gallons/day. The four-week average for ethanol production calculates to an annualized rate of 15.02 billion gallons.
Corn used: 15.01 million bushels/day
DIstillers grains production: 97,833 metric tons/day
This Friday marks the seventh anniversary of the signing into law of the Energy Independence and Security Act of 2007, the law which expanded the Renewable Fuel Standard (RFS). According to RFA analysis, since 2007:
• The number of operational ethanol plants in the United States has nearly doubled, while annual ethanol production has more than doubled.
• Advanced biofuel production has more than tripled.
• Corn acres planted have fallen 3%, while corn yield per acre has jumped 15%. Meanwhile, corn prices have fallen 17%.
The full report can be found here.
Distillers Dried Grain prices
Regional distillers dried grain prices for Dec. 17, from the USDA Market News/National Feedstuffs Market Review. Prices are $/ton, and reflect changes from previous week.
Eastern Corn Belt: 35 to 45 higher from 155-195
Chicago area: steady to 40 to 45 higher from 160-175
Lawrenceburg, IN: not available
Nebraska: 13 to 17 higher from 157-170
Minnesota: 20 to 25 higher from 130-145
Kansas: 30 to 35 higher from 165-185
Iowa: 25 to 30 higher from 130-165
Northern Missouri: 25 to 32 higher from 160-170
South Dakota: 27 to 30 higher from 130-134
St. Louis: 30 to 35 higher from 160-195
Wisconsin: 35 to 40 higher from 150-170
California (rail delivered): 3 lower to 18 higher from 225-248