Spot ethanol prices climbed in Chicago, the New York Harbor and Houston on Wednesday after the U.S. Energy Information Administration said fuel ethanol stockpiles fell during the week-ended July 21 by 600,000 bbl, to 21.5 million bbl, while blending demand increased 24,000 bpd to 945,000 bpd.
Prompt ethanol at the Argo terminal in Chicago traded at $1.51 per gallon and offered last at $1.52 for a gain of 1.12 cents, while Rule 11 for this week shipment was up 1.5 cents at $1.505 per gallon.
July to early August fuel ethanol barges at the New York Harbor were pegged at $1.59 per gallon, up 1.0 cent, while prompt barges in Houston were valued 1.0 cent higher at $1.59 per gallon for a 1.0-cent gain. Northern California spot ethanol was offered at $1.77 per gallon for a 3.0-cent gain.
George Orwel can be reached at firstname.lastname@example.org
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