Ethanol Blog

NYH Ethanol Spot Prices Flat, Argo Up on Short-covering

By George Orwel , DTN Energy Reporter

Spot ethanol prices were unchanged in New York and edged higher in Chicago and other regional trade hubs amid short covering ahead of the weekend break.

A source said ethanol prices inched up as ethanol plants cut runs due to low margins, with Green Plains one of the producers seen cutting runs after reporting a fourth quarter 2015 earnings loss this week.

Still, it will take time to rebalance the physical market. Prompt delivered ethanol at Argo hub near Chicago traded at $1.3575 and $1.356 per gallon, up 0.5 cents, while February delivered barges at the New York Harbor was talked at $1.43 per gallon, unchanged.

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

(ES)

Comments

To comment, please Log In or Join our Community .