Ethanol Blog
George Orwel DTN Energy Reporter

Thursday 07/31/14

Spot Ethanol Weakens on Bearish Supply, Demand Outlook

Spot ethanol prices fell again in early trade Thursday after federal data Wednesday showed excess supplies, with analysts expecting the downtrend to continue for some time. This is because corn prices at four-year lows were leading to more domestic ethanol production.

Prompt Argo ethanol traded at $2.09 per gallon, down 3.5 cents, while August New York Harbor ethanol barge traded at $2.215 per gallon, down 1.0 cents. "With (corn) prices this low, ethanol plants are buying (feedstock) through September," said analyst Brendan Marshall at North Star.

"Ethanol is very profitable now, so this week stocks are up but most of it is remaining here. The export market is down. We may be exporting some to South America, but not a lot to Europe."

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

(ES)

Posted at 3:39PM CDT 07/31/14 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
June  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
  • Energy Pressure Follows Weaker Stock Market
  • Argo, NYH Spot Ethanol Edge Lower With Corn, RBOB Futures
  • DDG Price Decline Slows Amid Sluggish Trade
  • Argo, NYH Spot Ethanol Trade Higher on Corn Futures Rally
  • Spot Ethanol Price Gains Backed by Corn Futures Rally
  • Grains Council Educates Japanese Swine Producers on DDGS
  • Uncertainty Seen in Ethanol Market Direction
  • Spot Ethanol Prices Higher on Falling Ethanol Stocks
  • Corn Rally Draws Ethanol Support
  • Spot Ethanol Prices Track Corn Futures Higher
  • Chinese Trade Disruptions Result in DDG Price Plunge
  • Ethanol Futures Close Week Higher
  • Conference: Aquaculture Must Diversify Feed Ingredients
  • Spot Ethanol Prices Soften on Rising Supply
  • Spot Ethanol Prices Mixed on Weekly EIA Supply Data
  • New York Spot Ethanol Biggest Gainer as Market Rebounds
  • China Rumors Worry DDG Market
  • Ethanol Futures Follow Outside Markets Lower
  • Argo, NYH Spot Ethanol Trade Lower on Rising Production
  • Spot Ethanol Values Pressured by Bearish Federal Data