Ethanol Blog

Spot Ethanol Market Rallies on Bullish EIA Supply Data

Spot ethanol prices moved higher in early trade Wednesday after the Energy Information Administration reported ethanol inventories fell 800,000 bbl to 22.2 million bbl during the week-ended April 1 while production declined 16,000 bpd to 976,000 bpd.

Prompt Argo ethanol traded at $1.48 per gallon, up 1.75 cents. Chicago ethanol traded under Rule 11 for this week shipment traded at $1.47 per gallon. This week Arizona delivery traded at $1.62 per gallon for a 5.0-cents gain while an ethanol barge for May shipment to New York Harbor was seen at a $1.56 to $1.58 per gallon bid/ask, up 2.5 cents.

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

(ES)

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