Ethanol Blog

Argo, New York Harbor Spot Ethanol Prices Ease on Supply Glut

By George Orwel , DTN Energy Reporter

Spot ethanol prices continued lower at Argo near Chicago and at the New York Harbor on speculation the market is awash with ethanol in those hubs. There is a dearth of buyers and trade volume was thin early Monday.

"Somebody wanted to push the market lower in Chicago," said a trader. "There's too much ethanol."

Prompt delivered ethanol at Argo terminal traded at $1.34 and $1.32 per gallon while any March prices were talked at a $1.32 to $1.33 per gallon bid/ask spread. Ethanol barges for March shipment to the New York Harbor was bid at $1.385 per gallon without an offer, down 4.5 cents.

George Orwel can be reached at



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