Ethanol Blog

Spot Ethanol Prices in Chicago Tumble on Profit-Taking

Spot ethanol prices fell by 3.0cts in Chicago and fractionally in Houston, with renewable credits known as Renewable Identification Numbers also taking a tumble on Friday amid profit-taking ahead of the weekend break, explained a trade source. Prompt supply fuel ethanol at the Argo terminal in the Chicago market traded at $1.435 gallon for a loss of 3.0cts on the session, while ethanol under Rule 11 terms for this week transport was talked at a $1.40 to $1.42 gallon bid/ask spread, tumbling 4.0cts on the session. In the Gulf Coast, barged or rail ethanol supply in Houston was discussed down 0.5cts at $1.52 gallon.

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

(CZ)

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