Ethanol Blog

Spot Ethanol Prices Lower in Chicago on High Supply

George Orwel
By  George Orwel , DTN Energy Reporter
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Spot ethanol prices were mixed on Tuesday, with the Chicago cash market lower amid concern over excess regional supply. The Energy Information Administration's data for the week-ended Nov. 10 showed PADD 2 Midwest ethanol supply at 7.8 million bbl, 21.9% higher year-over-year.

Prompt delivered ethanol at the Argo terminal in the Chicago cash market was talked at a $1.365 to $1.37 per gallon bid/ask spread, down 1.5 cents. November barged ethanol in the New York Harbor was discussed at a $1.495 to $1.51 per gallon bid/ask spread, up 1.75 cents, boosted by export demand.

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

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