Ethanol Blog

Cash Ethanol Trades Climb as Buying Interest Surges

Spot ethanol prices moved higher early Friday amid short covering ahead of the weekend break and rising export demand. It comes a day after the Energy Information Administration showed a 2.3% jump in blender inputs for the week-ended Feb. 12, though inventories soared to a fresh record high.

Any February transfer ethanol at Argo supply hub near Chicago traded at $1.39 per gallon for a 1.0-cent session gain. New York Harbor February barged ethanol was seen at $1.45 per gallon while March barges were talked at $1.48 per gallon. Spot Houston prices are offered at $1.52 per gallon for a 3.0-cent gain.

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

(ES)

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