Ethanol Blog

Spot ethanol prices rose Wednesday after new federal data showed ethanol inventories were drawn down 200,000 barrels (bbl) to 18.6 million bbl during the week-ended Sept. 19, easing from an 18-month high a week prior. The data also showed U.S. production fell to an 889,000-barrel-per-day (bpd) six-month low, while demand rose 4.5% during the week profiled. Prompt Argo ethanol was talked at a $1.62 to $1.65 gallon bid/ask spread for a gain of 2.5 cents. New York Harbor October ethanol barges were talked at a $1.68 to $1.72 gallon bid/ask spread for a 1.5 cent gain.

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

(ES)

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