Ethanol Blog

Spot Ethanol Prices Advance on Bullish Fundamentals

Spot ethanol prices continued higher Thursday amid ongoing support from Wednesday's Energy Information Administration report showing ethanol stocks were drawn down last week to a nine-month low, with export demand also strong.

Prompt ethanol supply at the Argo hub in the Chicago market was talked 1.75 cents higher at $1.585 per gallon. Chicago ethanol under Rule 11 terms for this week shipment was valued 1.5 cents higher at $1.56 per gallon. New York Harbor September barges were bid 2.0 cents higher at $1.625 per gallon. Prompt barges in the Houston Ship Channel were discussed 2.0 cents higher at $1.61 per gallon.

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

(ES)

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