Ethanol Blog

Spot Ethanol Prices Lower Thursday on Rising Supply

Spot ethanol prices eased in Chicago and New York Harbor markets Thursday after the Energy Information Administration showed ethanol stocks increased for a seventh straight week during the week-ended Feb. 17. The EIA's data showed domestic fuel ethanol supplies rose 200,000 bbl to a 10-month high of 22.7 million bbl last week, although supplies were down 400,000 bbl or 1.9% year-on-year.

In cash ethanol trade, prompt delivered ethanol at the Argo terminal in the Chicago market was talked at $1.495 per gallon, down 0.25 cents. In rail trade, ethanol traded under Rule 11 for prompt shipment traded at $1.48 per gallon, up 1.5 cents. Prompt ethanol supply at the New York Harbor was penciled at $1.565 per gallon, down 1.5 cents, with March barges also valued at $1.565 per gallon, down 1.5 cents.

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

(ES)

Comments

To comment, please Log In or Join our Community .