Ethanol Blog

U.S. Spot Ethanol Prices Flat to Up in Thin Early Trade

Spot ethanol prices were flat in Chicago while nudging higher in New York and other regional trade hubs in a dull follow-through trade session early Thursday. This was after the Energy Information Administration said the prior day that ethanol inventories fell 400,000 bbl to a 15-month low of 19.0 million bbl during the week-ended Oct. 14, despite plant production climbing 37,000 bpd to 998,000 bpd last week.

Prompt ethanol supply at the Argo hub in Chicago market traded unchanged at $1.64 per gallon, while October ethanol barges at the New York Harbor were pegged at $1.685 per gallon, up 0.25 cents. November Harbor barges traded 9.0 cents over November Chicago swaps contracts or $1.67 per gallon, up 0.5 cents.

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

(ES)

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