Ethanol Blog

Spot ethanol prices were mostly lower in thin trade Monday, with a prompt delivered New York Harbor barge trading at $2.51 gallon before being talked at $2.50 gallon, unchanged.

In-tank transfer ethanol at Kinder Morgan-operated Argo was talked last at $2.42 gallon, down 3 cents from Friday's trade at $2.45 gallon. Trade sources said ethanol prices were pressured by lower Chicago Mercantile Exchange corn futures amid expectation for a large corn harvest later this year, with corn the feedstock for U.S. ethanol producers.

U.S. ethanol production is expected to continue rising during the third quarter, trade sources added.

George Orwel can be reached at george.orwel@telventdtn.com.