Ethanol Blog

U.S. spot ethanol prices moved higher in the New York Harbor and at the Argo hub near Chicago on Wednesday, boosted by data showing a decline in domestic ethanol inventories. Total U.S. ethanol supply dropped 200,000 bbl or 1.2% to 16.3 million bbl during the week-ended June 21 despite an increase in domestic production, the Energy Information Administration reported today. Total supplies are down 4.5 million bbl or 21.5% from a year ago. Prompt delivered ethanol at Argo traded early at $2.50 gallon, up 2.5cts on the day. New York Harbor transit barge traded at $2.54 gallon, up 2.0cts on the day.

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

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