Ethanol Blog

Spot ethanol prices were shallowly mixed in choppy trade early Tuesday ahead of the release of federal data that's expected to show another decline in domestic ethanol inventory and production.

A trade source noted inventory at the Argo terminal near Chicago has eased, allowing new deliveries to be made, with Argo product in the cash market traded unchanged at $1.395 per gallon. Trade sources said April supply delivered in the New York Harbor edged 0.5 cents lower to $1.51 per gallon, while Houston prices nudged 0.5 cents higher to $1.51 per gallon. In swaps trade, paper prices moved higher, with April Chicago swaps changing hands at $1.44 per gallon, up 2.5 cents.

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

(ES)

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