Ethanol Blog
Chicago Spot Ethanol Prices Down, RINs Values Hit 1-Week High
The Chicago cash ethanol market continued lower Thursday under pressure from a drop by Chicago Board of Trade corn futures. Meanwhile, the market for renewable credits rallied to one-week highs after profit-taking. This was in the aftermath of the nomination last week of Scott Pruitt to head the Environmental Protection Agency that sent values sharply lower.
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Some of the earlier concerns about Pruitt that sent prices spiraling have been quelled.
Prompt delivered ethanol at the Argo terminal in the Chicago market was pegged at $1.90 per gallon, down 1.75 cents on the day, while any December deliveries traded at $1.825 per gallon early and then talked at a $1.75 to $1.78 per gallon bid/ask, down 3.0 cents. In the rail market, prompt supply traded under Rule 11 was pegged at a $1.80 to $1.85 per gallon bid/ask, down 4.5 cents. 2016 and 2017 D6 RINs traded at 95.0 cents, 96.0 cents, 97.0 cents, and $1.00 for an 8.0-cent session gain. 2017 D6 RINs traded at 99.0 cents for a 7.0-cent gain. D4 biomass-based diesel RINs for 2017 traded at $1.18 and $1.19, up 5.0 cents.
George Orwel can be reached at george.orwel@dtn.com.
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