Ethanol Blog
George Orwel DTN Energy Reporter

Monday 10/07/13

Argo, NYH Spot Ethanol Gain on Concern over Supply

U.S. spot ethanol prices rose Monday afternoon amid concern over low supply and on an advance by Chicago Mercantile Exchange corn futures. Ethanol for today transfer at Argo hub near Chicago was bid at $2.02 and offered at $2.10 per gallon, up 3.5 cents for the day.

Prompt October New York Harbor barged ethanol traded early at $2.20 per gallon, up 2.5 cents on the day. "It's choppy because nobody's jumping into the market since there's no data on exports or harvested area (for corn)," said a trade source. "A lack of transparency has caused many traders to exit the market."

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

(ES)

Posted at 3:47PM CDT 10/07/13 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
April  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
  • An Economic Case for Ethanol
  • Spot Ethanol Gains at Argo, Steady in New York Harbor
  • Grains Council Works to Open Cuban Markets
  • Ethanol Production Sliding Lower
  • Spot Ethanol Advances After Bullish Weekly Supply Report
  • D6 RINs Extend Higher; Spot Ethanol Prices Flat
  • D6 RINs Edge Higher While Spot Ethanol Prices Ease
  • Corn Prices Remain Range Bound
  • DDGS Rise to Highest Level in Five Months
  • Spot Ethanol Prices Weaken Amid Sluggish Demand
  • Gasoline Stocks Change Direction
  • Spot Ethanol Prices Mostly Flat in Lackluster Trade
  • Spring Buying in the Air
  • DDG Prices Rise Slightly in Slow Week of Trade
  • Ethanol Drawing From Strong Gasoline Demand
  • Grains Council Targets Caribbean Markets
  • Spot Ethanol Prices Mixed in Thin Trade
  • April 1st Buying Frenzy on Supply Reductions
  • Bullish EIA Supply Report Spurs Rally for Ethanol Prices
  • Spot Ethanol Prices Moved Mixed After USDA Report