Ethanol Blog
George Orwel DTN Energy Reporter

Thursday 03/13/14

Spot Ethanol Prices Advance Further on Short Covering

Spot ethanol prices stretched gains across the nation's key trade hubs Thursday afternoon amid continued concern about supply after federal data released a day prior showed domestic ethanol stocks tumbled to a two-month low, with East Coast supply down to the lowest point on record.

A source said ethanol traders were covering short positions. This week delivered ethanol at the Argo hub near Chicago was valued at $2.50 per gallon, up 6.0 cents on the day, with some offers coming in at $2.55. On the East Coast, prompt ethanol barge at the New York Harbor was talked wide at a $3.45 to $3.55 per gallon bid/ask spread, up 6.0 cents on the session.

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

(ES)

Posted at 1:03PM CDT 03/13/14 by George Orwel
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