Chicago and New York Harbor spot ethanol prices were discussed slightly lower early Wednesday after the Energy Information Administration said ethanol stocks climbed 700,000 bbl to better than one-year high of 23.3 million bbl, with plant production up 10,000 bpd to a near two-month high of 1.054 million bpd.
Blending demand eased 4,000 bpd to 911,000 bpd during the week-ended March 24. Midwest supplies were at a record high of 8.6 million bbl.
Prompt supply ethanol at the Argo hub in the Chicago cash market traded at $1.525 per gallon, down 0.25 cent, with prompt Rule 11 rail delivery talked at $1.525 per gallon for a 0.5-cent loss. April barged ethanol in the New York Harbor was discussed at a $1.62 to $1.63 per gallon bid/ask spread for a 1.0-cent session loss.
George Orwel can be reached at email@example.com.
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