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Oil tanks
Suzanne Danforth, Genscape Oil and Jim Venhoff, Genscape Ag and Biofuels
June 20, 2018
U.S. domestic ethanol demand suffered this spring relative to 2017, despite consistently favorable blending values and increasing Renewable Fuel Standard (RFS) requirements. The decline, following a period of historically low ethanol prices this winter, forced the ethanol industry to diversify and seek new...
Chicago Ethanol Inventory
Jim Venhoff, Manager, Agriculture & Biofuels
June 15, 2018
On March 23, 2018 President Trump’s new tariffs on U.S. steel and aluminum imports went live, creating a ripple effect on other commodity markets across the globe. In response, several other countries announced retaliatory tariffs of their own on critical American exports including pork products,...
Timm Decker, Senior Agriculture/Biofuels Analyst & Product Manager
April 30, 2018
With the March release of the National Oilseed Processors Association (NOPA) member crush number, facilities have now reported five straight months of record daily crush rates and two of the highest total crush numbers in history. December 2017 set a record high at 166.3 million bushels (ml bu) crushed and...
Ethanol Storage
Jim Venhoff, Ag & Biofuels, Manager
February 07, 2018
The Jefferson Energy Terminal has hit the ground running since completing four large storage tanks in late 2017, capable of handling a total 550,000 barrels (bbls) of ethanol. The tanker “Bow Kiso” (IMO: 9379894) received the first ethanol that came from the terminal on November 30, 2017....
soybean field
June Dempsey, Analyst, Agriculture & Biofuels
January 11, 2018
Genscape currently has a significant independent monitoring presence in all six of the National Oilseed Processors Association’s (NOPA) reporting regions. Current crushing margins stand at greater than $1 per bushel, which is the strongest for 18 months according to the CME Group, and has...
Cargo Ship Beatrice
Jim Venhoff, Manager, Agriculture & Biofuels
December 18, 2017
Since early October, it has been reported that the fuel ethanol arbitrage window from the U.S. to China has officially opened. This comes after the Chinese government implemented a hefty 30 percent import tariff in January of 2017 in an attempt to boost domestic corn and ethanol production. There are 11...
soybean field
Timm Decker, Analyst, Ag & Biofuels
October 31, 2017
On October 25, Genscape added three new soybean facilities to its Soybean Processing Monitor Service, increasing the coverage of the U.S. soybean processing capacity to over 33 percent. The additions include Archer Daniels Midland’s (ADM) 125,000 bushels per day (bpd) Fostoria, OH, facility, their...
soybean field
Timm Decker, Analyst, Ag & Biofuels
September 18, 2017
On September 15, 2017, the National Oilseed Processors Association (NOPA) released that their members had crushed 142.424 million (mn) bushels in August. On September 2, 13 days before the NOPA number was released, the Genscape Soybean Production Monitor accurately predicted...
soybean field
Timm Decker, Analyst, Ag & Biofuels
August 23, 2017
On August 2, 2017, Genscape estimated that the National Oilseed Processors Association (NOPA) members crushed 145.5 million bushels during July 2017, up from 138.1 million bushels in June 2017. This is also up 1.7 million bushels from July 2016. Genscape’s estimate was approximately two million...
Ethanol Storage Impacts
Jim Venhoff, Manager, Biofuels
August 09, 2017
With storage terminals becoming more and more efficient in loading and unloading operations, a lot can happen within a week. For instance, at Texas International Terminals in Galveston, Texas, the terminal has 20,000 feet of unit train landing track and designed to discharge via rail at 15,000 barrels per...