Ethanol Blog
George Orwel DTN Energy Reporter

Tuesday 09/24/13

Spot Ethanol Prices Plummet on Expected Supply Build

Spot ethanol prices fell sharply in lackluster trade Tuesday amid easing supply concerns, with traders expecting weekly data due out Wednesday to show higher inventories in the United States for the week-ended Sept. 20, boosted by increase in domestic production.

The decline was sharpest at the Kinder Morgan-run Argo hub near Chicago on an easing short squeeze, where prompt ethanol was talked at a $2.22 to $2.26 per gallon bid/ask, down 40 cents on the day. Any-September transport Argo ethanol traded at $2.20 gallon, down 4 cents on the day. October New York Harbor barged ethanol traded early at $2.20 gallon, down 7 cents on the day.

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

Posted at 12:56PM CDT 09/24/13 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
S M T W T F S
   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