Ethanol Blog

Rising Ethanol Supplies Press Spot Ethanol Prices Lower

By George Orwel , DTN Energy Reporter

Spot ethanol prices fell in the Chicago and New York trading hubs in early afternoon trade Wednesday after federal data showed U.S. ethanol supplies climbed to a 13-week high while implied demand stayed steady and domestic production remained near a two-year high. December ethanol barge at the New York Harbor was offered at a $2.30 gallon, down 3.0 cents on the session; prompt ethanol at Argo hub near Chicago traded at $2.095 through $2.105 gallon, reflecting a 3.0 cent loss on the day.

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

(ES)

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