Ethanol Blog

Spot Ethanol Values Bolstered by Short-term Demand

Chicago and New York Harbor spot ethanol prices gained Friday on increased buying interest amid concern seasonal plant maintenance would reduce production and ultimately drive down inventory. Fuel ethanol for prompt delivery at the Argo terminal in the Chicago market traded early at $1.44 per gallon, up 1.2 cents.

In the rail market, ethanol traded under Rule 11 for next week shipment changed hands at $1.445 per gallon, up 1.0 cent on the session. On the East Coast, any March barged ethanol at the New York Harbor was talked at a $1.525 to $1.545 per gallon bid/ask, up 1.5 cents on the session.

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

(ES/)

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