NEWS
Ethanol Blog
George Orwel DTN Energy Reporter
Fri Jan 10, 2014 02:40 PM CST

Midwest spot ethanol prices were boosted by a U.S. Department of Agriculture report that cut corn supply estimates while raising demand for corn by ethanol producers, prompting a rally for the Chicago Mercantile Exchange corn futures.

The report raised corn used to produce ethanol by 50 million bushels, showing continued strong ethanol production and a higher forecast for 2014 gasoline consumption.

Prompt transfer ethanol at the Argo terminal near Chicago traded at $2.20 per gallon after being talked this morning at a $2.12 to $2.16 per gallon bid/ask. Chicago ethanol traded under Rule 11, which is for shipments to the ...

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