Ethanol Blog

Spot ethanol prices fell sharply Wednesday after the Energy Information Administration released data that showed domestic ethanol stocks climbed 100,000 bbl to 20.4 million bbl for the week-ended May 15. Production rose 46,000 bpd or 5.0% last week to a 958,000 bpd three-month high.

Prompt ethanol at the Argo supply hub near Chicago was offered at $1.64 per gallon, while any May Argo transfer traded at $1.61 per gallon, down 3.0 cents. Chicago ethanol under Rule 11 traded at $1.61 to $1.64 per gallon, down 3.0 cents. On the West Coast, ethanol for this week transfer in northern California traded down 8.0 cents at $1.74 per gallon.

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

(ES)

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