Ethanol Blog
George Orwel DTN Energy Reporter

Monday 06/02/14

Spot Ethanol Prices Mixed in Lackluster Session

Spot ethanol prices were mixed in thin trade Monday with buyers and sellers far apart on pricing, suggesting an impasse. "It's ... the first day of [trade for] the month," said a source. "Buyers still hope that the backwardation will be real ... sellers expect it to roll up." Prompt northern California ethanol traded at $2.77 gallon and twice at $2.82 gallon, unchanged. Prompt ethanol at Argo hub near Chicago was offered without a bid at $2.40 gallon for a 1.0cts session gain. June New York Harbor ethanol barges were talked at $2.35 to $2.45 gallon, down 3.0cts on the day.

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

(BM/CZ)

Posted at 12:55PM CDT 06/02/14 by George Orwel
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