Ethanol Blog

Spot Ethanol Prices Mixed; Easing Demand Feared Due to Irma

Spot ethanol prices were mixed early with most of the attention on Hurricane Irma, which has restricted travel in Florida and could reduce demand for ethanol-blended gasoline in the Southeast just a week after Hurricane Harvey did the same to Texas.

Prompt ethanol supply at the Argo terminal in the Chicago market traded at $1.56, $1.565 and $1.57 per gallon, down 1.5 cents. In the rail shipment market, ethanol traded under Rule 11 terms was bid at $1.56 per gallon, unchanged.

On the East Coast, September barged ethanol at the New York Harbor was pegged at $1.64 per gallon, down a penny, while October barges were bid at $1.62 per gallon, down 1.0 cent on the session. Corn futures edged higher while RBOB futures slumped on easing demand.

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

(ES)

Comments

To comment, please Log In or Join our Community .