Ethanol Blog

U.S. spot ethanol prices were mixed in slow trade early Wednesday, with trade limited on weak demand for gasoline in the aftermath of Hurricane Sandy, and on post-election jitters.

"Ethanol demand is weaker, but not as bad as gasoline and crude oil," Brandon Marshall, market analyst for Northstar Commodities, Minneapolis, Minn., told Telvent DTN, adding markets are slow due to the weak demand in the infrastructure damaged Northeast caused by Hurricane Sandy last week, and amid risk aversion following Tuesday's election.

"People are taking money out because of perceived increases in capital taxes plus what's going on in the Eastern market," after last week's storm.

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

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