Ethanol Blog
George Orwel DTN Energy Reporter

Wednesday 03/19/14

Spot Ethanol Prices Skyrocket on Data showing Tight Supply

Spot ethanol prices soared to fresh multi-month highs midweek, rallying after federal data showed domestic ethanol supplies tumbled nearly 4.0% to a 3 1/2-month low of 15.3 million bbl while demand rose. East Coast supplies were drawn down to a record low at 4.5 million bbl.

Prompt Argo ethanol talked at a $2.85 to $2.90 per gallon bid/ask fresh four-month high, up 14.5 cents. CBOT April ethanol futures spiked 11.8 cents to $2.687 per gallon, off a $2.72 per gallon 8 1/2-month high. Prompt New York Harbor ethanol spiked 42.0 cents to $4.00 per gallon, the highest on record.

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

(ES)

Posted at 2:30PM CDT 03/19/14 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