Ethanol Blog

Spot Ethanol Prices Mixed after EIA Data Release

Spot ethanol prices pared gains in Chicago, reversed lower in the New York Harbor, and maintained gains in California after the Energy Information Administration released a mixed supply report late morning.

The report showed a surge in domestic ethanol fuel inventories for the week-ended July 1 while production fell and blender inputs, a proxy for demand, rose to a new record high.

Prompt delivered ethanol at the Argo supply hub in the Chicago market traded at $1.57 per gallon, up 0.5 cent for the day. Chicago ethanol under Rule 11 for this week was unchanged at $1.55 per gallon. July New York Harbor ethanol barges traded at $1.62 per gallon, down 1.5 cents on the day, with August barges sold at the same level. Northern California was pegged at $1.77 per gallon, up 2.5 cents on the day, while Nevada ethanol traded at $1.70 per gallon.

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

(ES)

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