Ethanol Blog

Argo Spot Ethanol Slips on Stock Build, Output Gain

Spot ethanol prices for Chicago terminal declined midday Wednesday in reaction to data from the Energy Information Administration. EIA showed a regional inventory gain while domestic plant production, concentrated in the Midwest, reached an 18-week high to 1.064 million bpd during the second week of June.

EIA reported Midwest PADD 2 ethanol stocks rose 339,000 bbl to 7.7 million bbl during the week-ended June 15, which are 1.3% higher than the same week in 2017.

Prompt delivered ethanol at the Kinder Morgan-operated Argo terminal traded at $1.380 per gallon, down 0.5 cents, while any-June traded at $1.385 per gallon. Intraday Tuesday, spot values at the key Chicago hub slid to a 4 1/2-month low of $1.37 per gallon before ending the session at $1.385.

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

(ES/)

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