Ethanol Blog

Spot Ethanol Prices Retreat Further on Bearish Sentiment

Spot ethanol prices moved lower in early trade Tuesday amid continued concern over excess domestic ethanol supply that has limited buying interest. In the physical ethanol market, prompt delivered ethanol at the Argo terminal in the Chicago market was pegged at $1.32 per gallon for a loss of 0.75 cents on the session.

December barged ethanol to the New York Harbor was talked at $1.39 per gallon, down 1.5 cents on the session. Northern California spot prices were seen at $1.495 per gallon, down 0.5 cent on the session.

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

(ES)

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