Ethanol Blog

Argo Spot Ethanol Prices Edge Higher; NYH Prices Ease

Spot ethanol prices were shallowly mixed during a dull Thursday trade session with many traders out for an early start to their long, holiday weekend. Prompt fuel ethanol supply at the Argo terminal in the Chicago market traded at $1.655 gallon and was subsequently discussed at a $1.65 to $1.67 gallon bid/ask, up 0.5cts on the day. April barged fuel ethanol at the New York Harbor was talked at a $1.70 to $1.73 gallon bid/ask spread, down 1.0cts. On Wednesday, Energy Information Administration reported fuel ethanol stocks fell 100,000 bbl to 8.1 million bbl along the East Coast while Midwest supplies declined 500,000 bbl to a six-week low of 7.9 million bbl.

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

(CZ/)

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