Ethanol Blog
Chicago Spot Ethanol Sinks to Six-Year Low on Building Supply
Spot ethanol prices eased again Tuesday, with Chicago area prices posting six-year lows amid rising supply while demand remains weak. Traders await Wednesday's release of U.S. weekly ethanol supply report that's expected to show another build in domestic ethanol inventories for the week-ended Jan. 9.
Prompt delivered ethanol at Argo was talked at a $1.39 to $1.42 per gallon bid/ask, down 1.0 cent. Chicago Rule 11 traded at $1.42 per gallon, down 1.5 cents. Pacific Northwest prompt ethanol traded at $1.46 per gallon, down 9.5 cents.
George Orwel can be reached at george.orwel@telventdtn.com
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