Ethanol Blog

Argo Spot Price at One-week High after Ethanol Stock Draw

Rick Kment
By  Rick Kment , DTN Analyst

Spot ethanol prices in the United States were flat to higher early Wednesday afternoon following data released by the Energy Information Administration showing a second straight weekly draw through May 11 in nationwide inventory to a 21.5 million bbl four-week low.

In physical trade, prompt delivered ethanol at the Kinder Morgan-operated Argo terminal in Chicago gained 0.5 cent to a $1.4650 per gallon one-week high while any-month was indexed at $1.4725 per gallon. Ethanol for this week shipment under Rule 11 rail terms traded at $1.48 per gallon, up 0.25 cent.

Dawn Gallagher can be reached at dawn.gallagher@dtn.com

(ES/)

P[L1] D[0x0] M[300x250] OOP[F] ADUNIT[] T[]
P[] D[728x170] M[320x75] OOP[F] ADUNIT[] T[]
P[L2] D[728x90] M[320x50] OOP[F] ADUNIT[] T[]

Comments

To comment, please Log In or Join our Community .