Ethanol Blog
George Orwel DTN Energy Reporter

Monday 08/04/14

Spot Ethanol Rebounds on Demand, Higher Corn Futures

Spot ethanol prices rebounded from last week's lows during a thinly traded early session Monday, boosted by renewed buying interest and higher Chicago Mercantile Exchange corn futures.

"(Market) is up 1 to 2 cents on corn being up and general ethanol demand still fairly good," said a trader. Today transfer ethanol at the Argo hub near Chicago traded early at $2.13 per gallon, up 5.0 cents.

August barged ethanol at the New York Harbor was talked at $2.21 to $2.24 per gallon, up 5.0 cents. This week shipment ethanol to California was talked at a $2.30 to $2.33 per gallon bid/ask spread, up 4.5 cents on the session.

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

(ES)

Posted at 1:26PM CDT 08/04/14 by George Orwel
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