Ethanol Blog

Spot ethanol prices tracked lower with corn and gasoline futures Wednesday, as worries about sluggish demand overshadowed the Energy Information Administration's data showing domestic production tumbled to a five-week low last week.

EIA data for the week-ended April 3 showed a 64,000 bbl drawdown in ethanol stocks to 20.483 million bbl while production fell 16,000 bpd to 936,000 bpd. Argo prompt transfer ethanol valued 2.0 cents lower at $1.57 per gallon. New York Harbor April delivered ethanol barge was pegged at $1.68 per gallon for a 1.0-cent loss. Northern California ethanol was talked at a $1.72 to $1.75 per gallon bid/ask spread, down 2.0 cents.

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

(ES)

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