Spot ethanol prices rallied 2.0 cents to 6.0 cents Wednesday after the Energy Information Administration reported domestic ethanol stocks were drawn down 200,000 bbl to a nine-month low of 20.0 million bbl during the week-ended Sept. 16. Domestic production fell 23,000 bpd, or 2.3%, to 981,000 bpd.
Prompt ethanol supply at the Argo hub in the Chicago market traded 2.5 cents higher at $1.56 per gallon. Chicago ethanol under Rule 11 terms for this week shipment traded 2.0 cents higher at $1.54 per gallon. New York Harbor September barges were bid 6.0 cents higher at $1.60 per gallon. Northern California prompt shipments were seen 5.0 cents higher at $1.69 per gallon and Arizona spot prices were seen up 2.0 cents at $1.63 per gallon.
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