Ethanol Blog
George Orwel DTN Energy Reporter

Wednesday 10/02/13

Spot Ethanol Prices Spiral Lower on Rising Fuel Production

Spot ethanol prices toppled again Wednesday on fresh federal data showing higher weekly production and weaker demand, as well as on trader talk there's no longer a short squeeze in Chicago and New York.

U.S. Energy Information Administration said domestic ethanol output spiked 5.2% to 875,000 bpd during the week-ended Sept. 27, up 11.3% year-on-year. Demand fell 0.7% to 846,000 bpd last week, after rising for two weeks straight.

Tomorrow transfer ethanol at Argo terminal near Chicago was offered at $2.00 per gallon, down 12 cents for the session, while October New York Harbor barged ethanol traded at $2.20 per gallon, down 2.0 cents on the day.

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

(ES/)

Posted at 12:47PM CDT 10/02/13 by George Orwel
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