From: Terry Reilly
Sent: Monday, December 31, 2018 11:43:58 AM (UTC-06:00) Central Time (US & Canada)
Subject: Monthly EIA Ethanol and Biodiesel Update 12/31/18

PDF attached


Monthly EIA Ethanol Update

·         October US monthly ethanol production of 32.380 million barrels were above our expectations, up from 30.667 million in September and 32.212 million in October 2017.

  • Our 2018-19 crop-year corn for ethanol usage is 5.700 billion bushels, 100 million above USDA’s current estimate of 5.600 (recently lowered 50 million bushels in the December 11 update) and compares to 5.605 billion for 2017-18.



Monthly EIA Biodiesel Update

·         U.S. production of biodiesel was 170 million gallons in October 2018, 7 million gallons higher than production in September 2018.

·         Biodiesel production from the Midwest region (Petroleum Administration for Defense District 2) accounted for 65 percent of the United States total.

·         There were a total of 1,292 million pounds of feedstocks used to produce biodiesel in October 2018, up from 1,242 million pounds in September and 1,126 million in October 2017.

·         Soybean oil remained the largest biodiesel feedstock during October 2018 with 699 million pounds consumed, up from 689 million pounds from September, and well up from 577 million pounds in October 2017. 

·         Soybean oil accounted for 54.1% of total feedstock, compared to 55.5% in September and 51.2% in October 2017.

·         We are maintaining our 2018-19 soybean oil for biodiesel use at 7.700 billion pounds, 100 million pounds below USDA and compares to 7.134 billion a year earlier. 



A screenshot of a cell phone    Description generated with high confidence




Terry Reilly

Senior Commodity Analyst – Grain and Oilseeds

Futures International │190 S LaSalle St., Suite 410│Chicago, IL  60603

W: 312.604.1366

AIM: fi_treilly

ICE IM:  treilly1

Skype: fi.treilly


Description: Description: Description: Description: FImail


Trading of futures, options, swaps and other derivatives is risky and is not suitable for all persons.  All of these investment products are leveraged, and you can lose more than your initial deposit.  Each investment product is offered only to and from jurisdictions where solicitation and sale are lawful, and in accordance with applicable laws and regulations in such jurisdiction.  The information provided here should not be relied upon as a substitute for independent research before making your investment decisions.  Futures International, LLC is merely providing this information for your general information and the information does not take into account any particular individual’s investment objectives, financial situation, or needs.  All investors should obtain advice based on their unique situation before making any investment decision.  The contents of this communication and any attachments are for informational purposes only and under no circumstances should they be construed as an offer to buy or sell, or a solicitation to buy or sell any future, option, swap or other derivative.  The sources for the information and any opinions in this communication are believed to be reliable, but Futures International, LLC does not warrant or guarantee the accuracy of such information or opinions.  Futures International, LLC and its principals and employees may take positions different from any positions described in this communication.  Past results are not necessarily indicative of future results.


This email, any information contained herein and any files transmitted with it (collectively, the Material) are the sole property of OTC Global Holdings LP and its affiliates (OTCGH); are confidential, may be legally privileged and are intended solely for the use of the individual or entity to whom they are addressed. Unauthorized disclosure, copying or distribution of the Material, is strictly prohibited and the recipient shall not redistribute the Material in any form to a third party. Please notify the sender immediately by email if you have received this email by mistake, delete this email from your system and destroy any hard copies. OTCGH waives no privilege or confidentiality due to any mistaken transmission of this email.