Ethanol Blog

Spot ethanol prices rose in Chicago and at the New York Harbor on Wednesday after the U.S. Energy Information Administration reported ethanol stocks fell to a six-week low of 20.8 million bbl last week as blending demand surged 2.7% to 863,000 bpd.

The stock draws occurred in the East Coast and Midwest regions. Prompt Argo ethanol was talked 1.5 cents higher at a $1.39 to $1.41 per gallon bid/ask while Chicago Rule 11 ethanol changed hands at $1.43 and $1.44 per gallon. New York Harbor March barges gained 1.5 cents in discussion, talked in a $1.49 to $1.52 per gallon bid/ask spread. April Harbor barges were talked at a $1.52 to $1.56 per gallon bid/ask for a 3.0-cents gain.

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

(ES)

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