Ethanol Blog

Spot Ethanol Prices Talked Lower on Building Supply

Spot ethanol prices were discussed lower early Thursday on continuing concern over building domestic supply and lower Chicago Board of Trade corn futures. Energy Information Administration on Wednesday showed a 6.9% year-on-year fuel ethanol supply surplus, with demand up a modest 0.5% year-on-year.

Prompt ethanol supply at the Argo terminal in the Chicago market was talked at a $1.51 to $1.52 per gallon bid/ask, down 1.88 cents, and to the lowest price this month. In the rail market, ethanol traded under Rule 11 terms for this week shipment was talked at a $1.485 to $1.495 per gallon bid/ask, down 1.0 cent on the session. August barged ethanol at the New York Harbor was pegged at a $1.59 to $1.60 per gallon bid/ask, 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 .