U.S. spot ethanol prices rebounded in regional hubs in the Midwest, along the East Coast and the Texas Gulf Coast as buyers returned to the market this morning.
Traders said prices in these hubs were merely stabilizing after recent losses, with prompt transfer ethanol at the Argo hub near Chicago talked at $2.02 to $2.04 per gallon bid/ask for a 3 cents gain for the session.
Meantime, 2013 D6 Renewable Identification Numbers traded 2 cents lower at 25 cents and 26 cents on signs of rising U.S. ethanol production.
George Orwel can be reached at firstname.lastname@example.org
© Copyright 2013 DTN/The Progressive Farmer. All rights reserved.
More Recommended for You
Lack of direction developed in the ethanol and gasoline markets Monday, with traders focusing on overall sluggish trade volume and stability in energy and...
Weakness through the complex continues to draw pressure in ethanol and energy markets. There is expected to be some additional market shifts early next...