Ethanol Blog
George Orwel DTN Energy Reporter

Wednesday 11/28/12

Spot Ethanol Values Gain on Ethanol Stock Draw

Spot ethanol prices rose 1 to 2 cents across regional hubs in early trade Wednesday after data showed a draw in ethanol stockpiles while implied demand held steady for the week-ended Nov. 23. The U.S. Energy Information Administration data's detailed a 580,000 bbl decrease in ethanol stockpiles to 18.347 million. That reflects a 3% drop on a weekly basis, while domestic production slipped 0.9% to 803,000 bpd for the week.

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

Posted at 12:25PM CST 11/28/12 by George Orwel
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