Ethanol Blog
George Orwel DTN Energy Reporter

Wednesday 09/04/13

Spot Ethanol Prices Ease Amid Profit Taking, Lower Corn Futures

Spot ethanol prices extended lower in dull early trade Wednesday at key regional hubs as profit taking and pressure from lower corn futures on the Chicago Mercantile Exchange offset expectation that ethanol stocks in the United States may have again been drawn down last week.

"Profit taking makes the markets go around," said analyst Dan Flynn at Price Futures in Chicago. "It seems we are in the middle of a momentum change with the ... selling off recent gains as well." This week transfer is talked in a $2.66 to $2.68 gallon bid/ask spread at both the Argo hub near Chicago and at Linden in the New York Harbor, reflecting a 5-cents session loss. Prompt ethanol in California traded at $2.74 gallon, down 4 cents.

George Orwel can be reached at


Posted at 10:44AM CDT 09/04/13 by George Orwel
Post a Blog Comment:
Your Comment:
DTN reserves the right to delete comments posted to any of our blogs and forums, for reasons including profanity, libel, irrelevant personal attacks and advertisements.
Blog Home Pages
June  2015
   1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30            
Subscribe to Ethanol Blog RSS
Recent Blog Posts
  • Energy Pressure Follows Weaker Stock Market
  • Argo, NYH Spot Ethanol Edge Lower With Corn, RBOB Futures
  • DDG Price Decline Slows Amid Sluggish Trade
  • Argo, NYH Spot Ethanol Trade Higher on Corn Futures Rally
  • Spot Ethanol Price Gains Backed by Corn Futures Rally
  • Grains Council Educates Japanese Swine Producers on DDGS
  • Uncertainty Seen in Ethanol Market Direction
  • Spot Ethanol Prices Higher on Falling Ethanol Stocks
  • Corn Rally Draws Ethanol Support
  • Spot Ethanol Prices Track Corn Futures Higher
  • Chinese Trade Disruptions Result in DDG Price Plunge
  • Ethanol Futures Close Week Higher
  • Conference: Aquaculture Must Diversify Feed Ingredients
  • Spot Ethanol Prices Soften on Rising Supply
  • Spot Ethanol Prices Mixed on Weekly EIA Supply Data
  • New York Spot Ethanol Biggest Gainer as Market Rebounds
  • China Rumors Worry DDG Market
  • Ethanol Futures Follow Outside Markets Lower
  • Argo, NYH Spot Ethanol Trade Lower on Rising Production
  • Spot Ethanol Values Pressured by Bearish Federal Data