Ethanol Blog

Spot ethanol prices came under selling pressure in early trade Tuesday despite a rally for gasoline futures and modest gains for corn futures.

Trade sources said the Energy Information Administration's report due Wednesday is expected to show an increase in production, with blending demand still sluggish. Prompt transfer ethanol at Argo traded at $1.65 per gallon, down 1.0 cents, while any May Argo ethanol traded at $1.64 per gallon.

New York Harbor May ethanol barges declined 2.5 cents to $1.72 per gallon, while June Harbor ethanol barge traded at $1.71 per gallon. Northern California ethanol traded at $1.85 per gallon, unchanged on the day.

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

(ES)

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