Ethanol Blog
George Orwel DTN Energy Reporter

Wednesday 07/09/14

Spot Ethanol Values Lifted as EIA Shows Production Decline

A midday rally for spot ethanol was underpinned by data released at midmorning by the Energy Information Administration showing U.S. ethanol stocks added 100,000 bbl to 18.3 million bbl last week while domestic ethanol production decreased 26,000 bpd or 2.7% to 927,000 bpd. Logistical woes and export demand also boosted cash ethanol prices. Prompt ethanol at the Argo hub traded at $2.24 gallon, up 2.0cts. Chicago ethanol traded under Rule 11 for this week shipment traded at $2.24 gallon, up 4.0cts. July ethanol barge at the New York Harbor was talked at $2.34 to $2.40 gallon, up 3.0cts, while August Harbor ethanol barge traded at $2.30 gallon, up 4.0cts.

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

(CZ)

Posted at 12:44PM CDT 07/09/14 by George Orwel
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