Ethanol Blog

Argo, NYH Spot Ethanol Values Slide on Building Supply

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 george.orwel@dtn.com.

(CZ)

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