NEWS
Ethanol Blog
George Orwel DTN Energy Reporter
Tue Jun 10, 2014 02:12 PM CDT

Spot ethanol prices tumbled in Chicago Tuesday on the back of falling corn futures on the Chicago Board of Trade. Traders moved to reduce their risk exposure ahead of a report due out Wednesday morning from the U.S. Department of Agriculture that's expected to show a big crop this year.

"It's just position squaring before tomorrow," said analyst Brendan Marshall. Sources said today transfer ethanol at the Argo terminal near Chicago traded at $2.215 per gallon, down 3.5 cents for the day.

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

(ES)

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