Ethanol Blog

Spot ethanol prices rebounded after Friday's losses, rising Monday in Chicago and New York on worry over weather-related logistical woes delaying shipment to customers and talk over tightening supply. Last week's shutdown of ethanol plants in the Midwest following a pipeline explosion in Canada slashed domestic production, with federal data likely to reflect that drop in output scheduled for release Wednesday (2/5). "My belief is its still logistics issues [impacting supply and prices]," said a trader.

Prompt Argo ethanol was talked at a $1.88 to $1.89 gal bid/ask, up 1.5cts on day, while prompt delivery New York Harbor barge was seen at a $2.14 to $2.17 gal bid/ask, up 2.5cts on the day.

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

(CZ)

© Copyright 2014 DTN/The Progressive Farmer. All rights reserved.