Ethanol Blog
Spot Ethanol Prices Lower as Weekly Supply is Eyed
Spot ethanol prices were flat to lower early Tuesday ahead of supply data from the Energy Information Administration for the week-ended March 20 due out Wednesday. The report is expected to show a build in U.S. inventory, which was last reported at 20.8 million bbl, 5.5 million bbl or 36% above the comparable year-ago period.
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Prompt Argo ethanol was down 0.5 cents at a $1.46 to $1.50 per gallon bid/ask while April ethanol prices were talked at a $1.47 to $1.495 per gallon bid/ask.
Northern California prompt ethanol traded at $1.69 per gallon for a 1.5-cents loss, while Florida prompt ethanol prices were talked 19.5 cents over Argo prices.
George Orwel can be reached at george.orwel@telventdtn.com.
(ES)
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