Ethanol Blog
Argo, NYH Spot Ethanol Values Pressed Down by Supply Build
By
George Orwel
Spot ethanol prices eased early in thin trade at the New York Harbor and in Chicago, pressured by federal data showing a rebound in U.S. ethanol stockpiles.
Stocks rose 400,000 bbl, or 2.3%, to 16.4 million bbl in the week-ended May 31, the Energy Information Administration reported today.
"There isn't a lot of volatility," said a trader. "Prices are just lining up with the (EIA) data."
George Orwel can be reached at george.orwel@telventdtn.com.
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