Ethanol Blog

Spot Ethanol Prices Advance with Corn Futures Rally

Spot ethanol prices reversed higher in early afternoon trade Thursday on the back of higher Chicago Board of Trade corn futures that offset a large drop in New York Mercantile Exchange RBOB futures.

Prompt delivered ethanol at Argo supply hub in Chicago market traded at $1.455 gallon and seen this afternoon at $1.465 per gallon, for a 3.25-cents gain.

Chicago ethanol traded under Rule 11 for traded at $1.4475 per gallon for a 3.0-cent loss. New York Harbor September barges at the Harbor were pegged at $1.535 per gallon for a gain of 3.5 cents.

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

(ES)

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