Spot ethanol prices climbed Wednesday after the Energy Information Administration reported ethanol stocks fell last week to the lowest level since December despite an increase in domestic production and a decline in refiner and blender inputs.
EIA reported ethanol stocks fell 400,000 bbl to 20.2 million bbl, output rose 6,000 bpd to 1.004 million bpd, and net refiner and blender inputs fell 13,000 bpd to 921,000 bpd last week.
Prompt ethanol supply at the Argo hub in the Chicago market was talked at $1.55 to $1.555 a gallon for 0.25-cents gain. September barges at the New York Harbor were talked at a $1.585 to $1.59 per gallon bid/ask spread, up 0.25 cents.
September ethanol barges in Houston were valued at $1.585 per gallon for a 0.5-cents gain. Pacific Northwest spot prices talked at a $1.64 to $1.69 per gallon bid/ask spread, up 3.0 cents, while spot prices in Arizona were talked at a $1.61 to $1.65 per gallon bid/ask spread, up 2.0 cents.
George Orwel can be reached at email@example.com
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