Ethanol Blog
George Orwel DTN Energy Reporter

Friday 08/01/14

Spot Ethanol Retreats on Weak Fundamentals

This week's selloff triggered by weakening demand and excess supply continued Friday with the help of falling corn and RBOB futures, with August ethanol barge at the New York Harbor talked 2.5 cents lower at a $2.15 to $2.19 per gallon bid/ask spread.

Prompt transfer ethanol at the Argo terminal near Chicago changed hands at $2.07 per gallon, down 1.5 cents. Trade sources highlighted federal data released midweek showing U.S. ethanol supply jumped 700,000 bbl to an 18.6 million bbl nearly 17-month high during the week-ended July 25.

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

(ES)

Posted at 2:25PM CDT 08/01/14 by George Orwel
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