Ethanol Blog
George Orwel DTN Energy Reporter

Monday 08/12/13

Ethanol, RINs Thinly Traded Early ahead of Noon USDA Report

Spot ethanol and renewable credits thinly traded early Monday amid market uncertainty, with most traders keeping to the sidelines ahead of a crop report from the U.S. Department of Agriculture.

The market expects an upward revision in supply estimates when the USDA releases its World Agricultural Supply and Demand Estimates due out 12:00 PM ET.

Trade sources valued spot ethanol slightly higher ahead of the report, with prompt ethanol at Argo terminal near Chicago was pegged at $2.24 gallon, up 2 cents and New York Harbor spot prices seen at $2.42 gallon, up 1.5 cents.

In contrast, 2013 D6 RINs are down 1.0 cent after edging a tad higher earlier in this morning, talked last at a 69 cents to 72 cents bid/ask after a trade earlier at 72 cents.

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

(ES)

Posted at 10:39AM CDT 08/12/13 by George Orwel
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