Spot ethanol prices traded lower in Chicago on a lack of short-term buying interest. Meanwhile renewable identification numbers again rallied following the Environmental Protection Agency release last week of the finalized 2017 renewable volume obligation that was increased from the agency's early year proposal.
Prompt ethanol supply at the Argo terminal in the Chicago market traded at $1.67 per gallon, down 1.0 cent, with Chicago ethanol traded under Rule 11 changing hands at $1.65 per gallon, down 2.5 cents.
Prompt ethanol barges at the New York Harbor were pegged at $1.74 per gallon, down 1.5 cents. In the renewable credits market, 2016 D6 RINs traded several times from 96.0 cents to $1.00, up 6.5 cents on the day. That follows last week's gain of about 8.0 cents after the EPA announcement. 2016 D4 biodiesel RINs traded at $1.16, up 6.0 cents today on top of last week's increase of 7.5 cents.
George Orwel can be reached at email@example.com.
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