Ethanol Blog

Spot Ethanol Prices Flat to Higher Early Monday

By  George Orwel

The cash market for fuel ethanol was flat to slightly higher in a lackluster session early Monday while ethanol paper prices were little changed.

In paper trade, Chicago Board of Trade June ethanol futures were little changed at $1.506 per gallon after reversing off a better than one-week spot high of $1.525 per gallon. CBOT corn futures eased while ranged higher New York Mercantile Exchange RBOB futures.

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Prompt fuel ethanol supply at the Argo hub in the Chicago market traded early at $1.48 per gallon before being pegged at $1.485 per gallon, up 0.25 cent on the session.

Fuel ethanol under Rule 11 terms for shipment this week was discussed 1.5 cents higher at a $1.46 to $1.49 per gallon bid/ask spread. May ethanol barges at the New York Harbor were assessed at $1.53 per gallon, up 0.5 cent. Prompt supply ethanol in the Houston Ship Channel was assessed flat at $1.53 per gallon, up 1.5 cents.

George Orwel can be reached at george.orwel@dtn.com.

(ES)

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