Ethanol Blog

Spot Ethanol Prices Gain as U.S. Production Drops

By George Orwel , DTN Energy Reporter

Spot ethanol prices edged higher Wednesday after an unexpected decline in domestic production. The Energy Information Administration released data Wednesday for the week-ended Dec. 18 showing U.S. ethanol production fell by 27,000 bpd or 2.7% to 973,000 bpd while down 2.0% year-on-year.

Prompt delivered Argo ethanol was talked at a $1.37 to $1.38 per gallon bid/ask, down 1.5 cents. New York Harbor prompt barges were talked at $1.455 per gallon, up 1.5 cents on the day.

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

(ES)

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