Ethanol Blog

Cash Ethanol Reverse Lower in Post-July 4 Holiday Trade

Spot ethanol prices were discussed mostly lower Monday, as traders sell off positions acquired in the lead-up to the three-day July 4th holiday weekend. The cash market for ethanol came under more selling pressure from weaker RBOB and corn futures. Attention now reverts to weekly ethanol supply report for the week-ended July 3 due out Wednesday, July 8. Prompt ethanol at Argo was valued at $1.63 gallon, down 1.0 cent, while Chicago ethanol traded under Rule 11 was talked at a $1.61 to $1.64 gallon bid/ask, down 1.5 cents. In the Bay area of California, this week ethanol shipment cash prices eased 3.5 cents to $1.765 gallon.

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

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