Ethanol Blog

Spot ethanol prices were mixed Monday, with West Coast values easing on a lack of buying interest and losses for corn and gasoline futures while Chicago and New York prices were holding onto modest gains during a thinly-traded early session Monday.

Some traders speculate demand for ethanol would increase in the medium-term when gasoline demand picks up ahead of the spring and summer driving seasons. Prompt Argo ethanol traded 0.5 cents higher at $1.42 per gallon while New York Harbor barges rose 0.5 cents to $1.54 per gallon. Northern California ethanol changed hands at $1.61 per gallon for a 2-cents loss.

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

(ES)

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