Ethanol Blog
George Orwel DTN Energy Reporter

Wednesday 07/31/13

Spot Ethanol Prices Gain as Data Prompts Supply Concern

U.S. ethanol spot prices posted gains early Wednesday, buoyed by a bullish report showing weekly U.S. ethanol inventories were drawn down 4.7% during the week-ended July 26 from a three-week high.

The stock draw was driven by a decline in domestic production and an increase in demand, data from the Energy Information Administration showed. Prompt ethanol at the Argo hub, near Chicago, was talked 5 cents higher at $2.28 gallon, while New York Harbor traded 8 cents higher at $2.45 gallon.

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

Posted at 11:59AM CDT 07/31/13 by George Orwel
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