Spot ethanol prices were talked lower in the Chicago, New York Harbor and California markets after the Energy Information Administration reported that ethanol stocks rose by 100,000 barrels (bbl) to a 22.0 million bbl better-than-four-month high during the week-ended Nov. 24, while net refiner and blender inputs, a gauge for ethanol demand, increased 2,000 barrels per day (bpd) to 922,000 bpd, the highest blending rate since mid-October.
Prompt ethanol supply at Argo terminal in the Chicago market fell 1.5 cents to $1.34 gallon, while ethanol shipped this week under Rule 11 terms declined 1.5 cents to $1.33 gallon. December barged ethanol to the New York Harbor was talked 0.5 cent lower at $1.465 gallon. On the West Coast, northern California spot prices were seen at $1.52 gallon, down a penny.
George Orwel can be reached at email@example.com
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