NEWS
Ethanol Blog
Myke Feinman Refine Fuels Reporter
Tue Jul 22, 2014 12:53 PM CDT

After flat trade last week, spot biodiesel prices spiked 6.0 cents in the Houston supply hub Monday, with trade sources speculating on the cause.

"It's been a quiet trade so its possible somebody got behind and had to cover some shorts," speculated Jerrod Kitt, strategist for the Linn Group in Chicago, Ill.

A broker doubted that scenario, saying the biodiesel market lacks liquidity, adding "But that doesn't mean someone wouldn't do it."

Houston soy methyl ester biodiesel spot prices early Tuesday afternoon were unchanged at Monday's $3.51 per gallon better-than one-week high.

Myke Feinman can be reached at myke.feinman@telventdtn.com

(ES)

Quick View
  • Xtend Moves Forward USDA has issued its final environmental impact statement recommending full deregulation of Monsan...
  • Land Market What could the next year hold for land values?
  • No Agreement on Tax Extenders White House spokesman Josh Earnest on Monday said in his daily briefing that the White House woul...
  • Senior Partners - 4 At-your-service consultants help you walk through estate planning from start to finish.
  • Dow's Gutsy Decision Dow's decision to launch Enlist offers some hand-selected growers a chance to test drive new tech...
  • Congress Reaches Funding Deal The overall Agriculture Department and related agencies bill would cost $20.5 billion for fiscal ...
  • Need To Bee Accurate A news story had the wires buzzing Tuesday afternoon after a report that EPA was set to restrict ...
  • Kub's Den The Dakotas lost more than $130 million in grain revenue during the 2013-14 marketing year compar...
  • Ask the Vet What can I do to improve udder quality in my herd?
Related News Stories
Senate OKs Biofuels Tax Credits
D6 RINs Down 1% in November
RFS Future Uncertain
KS, NE Sue EPA Over Emissions Model
Ethanol Production Hits Record High
Biofuel Briefs
EIA: Output Down
E15 Now In Florida Market
Ethanol Stocks Fall; Demand Up
Cellulosic Certainty Sought