pot ethanol prices traded lower again in Chicago, the New York Harbor and in Houston, pressured by rising domestic plant production and lower RBOB futures on the New York Mercantile Exchange.
The Energy Information Administration for the week ended Jan. 12 reported domestic plant output rose 65,000 bpd or 6.5% to 1.061 million bpd, 7,000 bpd higher than the comparable year-ago rate.
In the physical market, prompt delivered ethanol at the Argo terminal in the Chicago market traded at $1.29 gallon, down 0.5cts. A prompt ethanol barge delivered to the New York Harbor was valued 0.5cts lower at $1.435 gallon, while prompt delivered Houston ethanol tumbled 3.0cts to $1.38 gallon.
George Orwel can be reached at email@example.com.
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