Ethanol Blog

Spot Ethanol Prices Trade Lower at Argo on Building Stocks

Spot ethanol prices traded lower Wednesday afternoon after the Energy Information Administration earlier today reported increases in ethanol inventory and domestic plant production during the week-ended Aug. 11.

The report showed ethanol stocks rose for the second straight week, up 500,000 bbl, or 2.3%, to a 21.8-million bbl four-week high, and 6.9% more than a year ago. Plant output climbed 47,000 bpd, or 4.6%, to 1.059 million bpd, up 30,000 bpd or 2.9% year-on-year.

In the physical market, this week ethanol supply at the Argo terminal in Chicago traded five times this afternoon at $1.5375 per gallon, down 2.25 cents on the day to a near two-week low.

August barged ethanol at the New York Harbor was talked at a $1.60 to $.65 per gallon bid/ask spread, down 1.0 cents on the day. Prompt delivered ethanol in California was offered at $1.69 per gallon, down 4.5 cents on the day.

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

(ES)

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