Ethanol Blog
Myke Feinman Refine Fuels Reporter

Thursday 07/03/14

Spot Biodiesel Prices Nosedive in Dull Trading Week

Spot biodiesel values have lost 7cts over the past four sessions at the Chicago, New York, and Houston supply hubs in thin trade ahead of the July 4 extended weekend, pressured by a U.S. Department of Agriculture report showing record planted soybean acreage and falling NYMEX ULSD futures.

"Markets are dull as many people have taken the week off," said Pete Moss, president and biodiesel analyst for Memphis, Tennessee-based Frazier, Barnes and Associates. "Another weakening factor is the record soybean acreage report that has put a damper on Ag Commodities," he added.

The USDA crop report released Monday (6/30) showed soybean acreage was up "by more than 7.4 million acres, if realized" for the year to a record high 84.8 million acres.

As of early Thursday, spot biodiesel in Chicago and the New York Harbor was talked at a $3.63 to $3.73 bid/ask spread, down 7cts on the week, with Houston also down 7cts from prior Friday at $3.58 gallon.

Myke Feinman can be reached at myke.feinman@telventdtn.com.

© Copyright 2014 DTN/The Progressive Farmer, A Schneider Electric Brand. All rights reserved.

(ES)

Posted at 11:22AM CDT 07/03/14 by Myke Feinman
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
  • Spot Ethanol Prices Track Corn Futures Lower
  • Spot Ethanol Prices Retreat on Profit-Taking
  • DDG Prices Drop as Barge Freight Falls
  • West Coast Spot Ethanol Prices Spike on Short Squeeze
  • Spot Ethanol Prices Pressured by Bearish EIA Data
  • DDGS Play Vital Role in Nebraska Ethanol Impact
  • Spot Ethanol Prices Flat to Up as Supply Data Eyed
  • 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