Ethanol Blog
George Orwel DTN Energy Reporter

Wednesday 08/28/13

Spot Ethanol Values Boosted by Bullish EIA Supply Data

U.S. spot ethanol prices traded sharply higher Wednesday, boosted by a bullish report by the Energy Information Administration showing total ethanol stocks tumbled last week to a seven-week low while demand remains near a six-week high. “These are bullish statistics,” said one trader.

Prompt ethanol at the Argo terminal near Chicago was talked at a $2.70 to $2.73 per gallon bid/ask range, up 2.5 cents on the day. September New York Harbor barged ethanol traded early at $2.80 per gallon, up 4.0 cents on the session.

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

(ES)

Posted at 12:30PM CDT 08/28/13 by George Orwel
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