NEWS
Ethanol Blog
Myke Feinman Refine Fuels Reporter
Wed Jul 2, 2014 01:15 PM CDT

U.S. spot ethanol prices were steady to higher in early trade after federal data showed nationwide supplies unchanged last week, though increased.

"You built production almost up to record highs, and you still aren't building inventory," said Jerrod Kitt strategist for the Linn Group in Chicago, Ill. "So we're doing something with this ethanol."

Production at domestic ethanol plants ramped up 15,000 bpd to 953,000 bpd, while 90,000 bpd or 10.4% above the year-ago output rate, Energy Information Administration data showed for the week-ended June 27. During the four-week period ended Friday, ethanol production averaged 952,000 bpd, 76,000 bpd or ...

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