Ethanol Blog

Cash Ethanol Prices Drop on Profit-taking, Futures Decline

Cash ethanol traded lower in Chicago, New York and California markets amid profit-taking, with lower corn and gasoline futures also weighing on the ethanol market.

Prompt ethanol at Argo supply hub near Chicago traded at $1.56 and $1.55 per gallon for a loss of 3.0 cents. New York Harbor October delivered barges traded early Thursday at $1.61, $1.60, $1.59 and $1.58 per gallon, down 5.5 cents. Prompt delivered northern California ethanol traded at $1.66 per gallon, down 5.5 cents.

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

(ES)

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