Ethanol Blog
George Orwel DTN Energy Reporter

Monday 03/31/14

Supply Crunch, Corn Report Boost Spot Ethanol Prices

Spot ethanol prices rallied in Chicago and New York on Monday amid tight supply, rising demand and a federal report showing corn stocks and planting acreage were both smaller than expected.

"The nearby cash market has been on fire," said analyst Brendan Marshall. "(Blenders) in the East can't get any supply from the Midwest due to logistics ... demand will be higher moving forward."

Prompt delivered ethanol at the Argo supply hub near Chicago was talked at a $3.75 to $3.90 per gallon bid/asks spread, up 2.5 cents and the highest level on record.

Prompt delivered barge at the New York Harbor was talked at a $4.10 to $4.25 per gallon bid/ask spread, up 9.5 cents.

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

(ES)

Posted at 2:54PM CDT 03/31/14 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
  • Argo, PNW Spot Ethanol Prices Nudge Higher in Thin Trade
  • 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