Ethanol Blog

Argo, NYH Spot Ethanol Prices Pressured on Rising Stocks

Spot ethanol prices eased in New York and Chicago early Wednesday after the Energy Information Administration's weekly ethanol inventory report showed domestic ethanol stocks rose to a four-week high of 19.0 million bbl, but the downside was curbed by data showing implied demand surged to a record high.

Prompt transfer ethanol at the Argo supply hub traded at $1.44 per gallon for a 0.5-cents loss and Chicago ethanol under Rule 11 for this week shipment traded at $1.44 per gallon. New York Harbor September delivered ethanol barges were pegged at $1.545 per gallon while October barges were valued at $1.1515 per gallon, each down 0.5 cents.

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

(ES)

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