Ethanol Blog
George Orwel DTN Energy Reporter

Thursday 06/05/14

Weak Fundamentals Underpin Spot Ethanol's Selloff

Spot ethanol prices spiraled further down Thursday after U.S. data confirmed domestic fuel supplies at an 18.3 million bbl better than 14-month high, while implied demand tumbled to a near one-month low at 862,000 bpd.

Prompt ethanol at the Argo hub near Chicago was valued at $2.20 per gallon, down 1.5 cents, with prompt New York Harbor ethanol talked at a $2.20 to $2.24 per gallon bid/ask, down 5.5 cents. July Harbor ethanol barge traded at $2.22 per gallon, down 3.0 cents. Prompt California ethanol was discussed at a $2.57 to $2.63 per gallon bid/ask spread, down 3.0 cents.

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

(ES)

Posted at 12:14PM CDT 06/05/14 by George Orwel
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