Spot ethanol prices were discussed higher in the Chicago and New York markets after the Energy Information Administration said ethanol stocks fell 0.3% week-over-week and domestic output declined 5% week-over-week and 3.2% year-over-year. Blender ethanol inputs rose 2.9% year-over-year to a record high in the week-ended June 17. Prompt delivered ethanol at the Argo supply hub was pegged at $1.59 gallon for a 2.0-cent gain. Chicago ethanol under Rule 11 for this week shipment was seen at $1.58 gallon, up 2.0 cents. June New York Harbor ethanol barges were discussed at a $1.62 to $1.66 gallon bid/ask, up 1.0 cent on the session.
George Orwel can be reached at firstname.lastname@example.org
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