US Biofuel Production Update
The EIA’s January Petroleum Supply Monthly report showed a fractional downtick in total biofuel production in November. Much of the decline was due to lower B100 biodiesel production, which was slowed by negative margins and slower seasonal demand. B100 production was down 11 Mil Gal from October and was 6.4 Mil Gal less than a…
AgResource Soybean Comment and Analysis
Soybeans Give Back Early Week Gains: CBOT soybean futures were under pressure on Thursday. US Dollar Index was weaker, but commodity markets were under pressure, and losses in crude oil weighed on CBOT soy. The monthly Fats and Oils report confirmed a record large US December soybean crush rate of 204 Mil Bu. This resulted…