Spot ethanol prices traded lower in the Chicago market after the Energy Information Administration reported a 600,000 bbl weekly ethanol stock build to 22.2 million bbl, although plant production fell 4,000 bpd to 923,000 bpd and blender inputs dropped 8,000 bpd to 910,000 bpd.
Prompt delivered ethanol at the Argo supply hub in the Chicago market traded at $1.50 gallon, down 0.5 cents on the day, with any May delivered product trading at $1.50 per gallon. Chicago ethanol under Rule 11 for this week shipment traded at $1.51 per gallon.
George Orwel can be reached at firstname.lastname@example.org.
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