Ethanol Blog
George Orwel DTN Energy Reporter

Thursday 12/26/13

Supply Shortage Tied to Logistics Boost Ethanol Prices

Spot ethanol prices advanced slightly at the New York Harbor and Argo supply terminal near Chicago, boosted by supply shortages a day after the Christmas holiday. Today transfer Argo ethanol was last seen at a $2.21 to $2.25 per gallon bid/ask, up 1.0 cent, while any-December prices traded $2.21 per gallon. Prompt NYH was seen at a $2.30 to $2.32 per gallon bid/ask, up 1.5 cents.

"I would say the lack of railcars and short supply due to logistics has the paper (ethanol) market concerned," said one trader. "It's super quiet," said another trader.

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

(ES)

Posted at 11:55AM CST 12/26/13 by George Orwel
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