Ethanol Blog

Spot Ethanol Prices Mixed Despite Bullish EIA Data

Spot ethanol prices were mixed Wednesday despite the release of a bullish supply report from the Energy Information Administration. Trade sources said the market wasn't reacting much to the EIA data, with trade volume thin.

At last look, prompt delivered ethanol at the Argo supply hub in the Chicago market was talked in a wide $1.43 to $1.45 gallon bid/ask spread, down 1.5cts. August New York Harbor ethanol barges were talked last in a $1.51 to $1.52 gallon range, down 2.25cts. Houston ethanol barges for August were offered at $1.52 gallon, unchanged, while Arizona spot ethanol traded at $1.50 gallon while last pegged at $1.51 gallon, up 1.0cts.

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

(CZ)

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