Ethanol Blog
George Orwel DTN Energy Reporter

Tuesday 05/20/14

Chicago Spot Ethanol Prices Post Losses in Early Trade

Spot ethanol prices traded lower early Tuesday at the Kinder Morgan-operated Argo hub near Chicago on profit taking.

"I think to some extent ... (the market) may be taking a breather as it had held up pretty well relative to the (recent) move lower in corn," said a trader.

Today Argo transfer ethanol traded $2.23 per gallon, down 7.0 cents. Chicago Board of Trade June ethanol futures tumbled 2.4 cents to a three-day low at $2.20 per gallon this morning.

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

(ES)

Posted at 10:31AM CDT 05/20/14 by George Orwel
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