Ethanol Blog

Spot ethanol prices extended gains Thursday as fresh federal data showed ethanol stocks declined for a second straight week amid lower production and increased demand.

The Energy Information Administration reported ethanol stocks tumbled 295,000 bbl to 18.358 million bbl during the week-ended Oct. 10.

Blender inputs, a proxy for ethanol demand, jumped 27,000 bpd or 3.1% to 885,000 bpd last week and are up 3.3% year-over-year. Prompt Argo ethanol traded $1.68 per gallon and then talked at $1.70 per gallon, up 4 cents. Prompt deliveries to the New York Harbor and California offered at $1.90 per gallon for gains of 2 cents and 4 cents respectively.

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

(ES)

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