Ethanol Blog

Spot Ethanol Prices in Chicago, NYH Remain Under Pressure

Spot ethanol prices pared early session losses in Chicago and the New York Harbor during afternoon trade on Monday, but remained under pressure amid talk of limited short-term buying interest and production from domestic plants remains high. The Energy Information Administration's data for the week ended Jan. 12 showed plant production up 65,000 bpd or 6.5% to a 1.061 million bpd three-week high. In the physical market Monday afternoon, prompt delivered ethanol at the Kinder Morgan-operated Argo terminal in the Chicago market traded at least twice at $1.28 gallon, down 0.75cts, with a prompt ethanol barge delivered to the New York Harbor pegged 0.5cts lower at $1.425 gallon.

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

(CZ)

Comments

To comment, please Log In or Join our Community .