Ethanol Blog

Spot Ethanol Prices Boosted by Corn, RBOB Futures Rallies

Spot ethanol prices advanced Monday, tracking rallies for Chicago Board of Trade corn futures and the New York Mercantile Exchange RBOB futures amid dovish comments from a top Federal Reserve official and reports of a refinery outage in the Midwest.

Prompt delivered physical ethanol at the Argo terminal traded at $1.49 per gallon, up 2.25 cents, an August ethanol barge at the New York Harbor was pegged at $1.56 per gallon, up 3.0 cents, and prompt shipment of ethanol to northern California was talked at $1.68 per gallon for a 1.0-cent gain.

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

(ES)

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