Ethanol Blog

Spot Ethanol Prices Plunge Ahead of April Contract Expiry

By George Orwel , DTN Energy Reporter

Spot ethanol prices tumbled amid easing supply concerns and expiry-related trade ahead of the April futures contract expiration Thursday afternoon. The Energy Information Administration reported Wednesday domestic ethanol supply rose last week to a three-week high, with supplies rising in the Midwest and along East Coast, while demand eased from a three-month high.

Prompt delivered ethanol at the Argo supply hub near Chicago was talked at a $2.70 to $2.80 per gallon bid/asks spread, down 65.0 cents. Prompt delivered barge at the New York Harbor traded at $3.15 per gallon, down 30.0 cents.

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

(ES)

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