Ethanol Blog

Spot ethanol prices traded lower Wednesday after reports showed corn used for ethanol production was reduced this month, suggesting lower demand, while weekly ethanol production rose to a 5 1/2-month high.

"Ethanol is under pressure after the report that showed a big increase in production, although the corn stocks data was expected," said a trader.

Prompt ethanol at Argo traded at $1.50 per gallon, down 5.0 cents. New York Harbor June ethanol barges pegged at $1.59 per gallon, down 5.0 cents. Arizona spot ethanol traded at $1.70 per gallon and then at $1.68 gallon, down 3.0 cents, while Pacific Northwest traded at $1.64 per gallon, down 5.0 cents on the day.

(ES)

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