The spot ethanol market has seen a number of spread deals done this morning at lower levels, suggesting product demand would remain soft through the winter months, trade sources said. November and December delivered ethanol prices traded at parity, while December ethanol delivered ethanol traded at a 0.5 cents premium to January delivered ethanol.
January supplied ethanol traded at a 0.25 cents premium to February ethanol delivery. February through June price spreads are about flat before rising to between 4 cents and 8 cents during the summer months.
"Historically, these are the weakest months and probably that's the case," said a trade source.
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