Spot ethanol prices weakened again in Chicago and the New York Harbor under pressure from building supply, with the Energy Information Administration on Wednesday reporting a 400,000 bbl increase in ethanol stocks along the East Coast and a 200,000 bbl build in the Midwest during the week ended Sept. 23.
Prompt ethanol supply at the Argo hub in the Chicago market traded at $1.58 gallon, down 0.5cts. Any September deliveries traded at $1.56 gallon for a loss of 2.0cts. In the rail market, Chicago ethanol under Rule 11 terms for this week shipment traded unchanged at $1.55 gallon. October ethanol barges at the New York Harbor were discussed at a $1.60 to $1.63 gallon bid/ask, down 3.0cts on the session.
George Orwel can be reached at firstname.lastname@example.org.
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