Spot ethanol prices were mixed Thursday with cash values in Chicago higher despite losses for Chicago Board of Trade corn futures after the U.S. Department of Agriculture released a report showing 94.148 million acres of planted corn that surpassed March estimates for 92.896 million acres while corn stocks as of June 1 stood at 4.72 billion bushels, more than March estimates for 4.528 billion bushels.
Prompt delivered ethanol at the Argo supply hub in the Chicago market traded 1.37cts higher at $1.615 gallon. Chicago ethanol under Rule 11 for this week shipment was valued unchanged at $1.57 gallon while July New York Harbor ethanol barges were talked at $1.67 gallon for gain of 0.75cts and California spot prices were seen at $1.765 gallon to a 2.5cts loss.
George Orwel can be reached at email@example.com.
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