Ethanol Blog
George Orwel DTN Energy Reporter

Wednesday 09/05/12

Cash Ethanol Prices Slump on Forecast for Rising Supply

Spot ethanol prices moved lower early Wednesday under pressure from a downside push by Chicago Board of Trade corn futures and firming domestic ethanol stockpiles in what is seen as a well-supplied market.

"I think the (ethanol) imports will keep the East Coast well-inventoried," said a broker. "Inventories are going to be unchanged to higher," added another broker in offering his estimate for last week's stock change.

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

Posted at 1:40PM CDT 09/05/12 by George Orwel
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