Ethanol Blog
George Orwel DTN Energy Reporter

Wednesday 06/11/14

Spot Ethanol Prices Crater as Supply Runs ahead of Demand

Spot ethanol prices plunged along the West Coast and at other regional markets after separate federal reports showed U.S. ethanol stocks reached a 15-month high while an estimate for global corn stocks was raised.

EIA said ethanol stocks rose 170,000 bbl to 18.42 million bbl last week, the highest supply level since mid-March 2013. For feedstock, USDA upped its global corn output forecast for this year by 2.0 million tons.

Trade sources said prompt Argo ethanol traded at $2.16 gallon, down 5.0 cents, with New York Harbor June ethanol barge 6.5 cents lower at a $2.20 to $2.25 per gallon bid/ask. Ethanol in California traded at $2.48 per gallon, down 9.0 cents, with ethanol in Oregon and Arizona traded at $2.44 per gallon, down 11.0 cents and 12.0 cents, respectively.

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

(ES)

Posted at 4:04PM CDT 06/11/14 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