Ethanol Blog

Spot Ethanol Prices Down on Sluggish Demand, Increased Supply

By George Orwel
DTN Progressive Farmer Energy Reporter

U.S. spot ethanol prices declined sharply in the Midwest and West Coast, as easing supply concerns exacerbated selling, with a dearth of buying interest forcing sellers to lower offers.

Federal data issued last week showed ethanol stocks increased during the week-ended Nov. 28 while demand and domestic output declined. Ethanol delivered today at Argo hub near Chicago traded early at $2.18 gallon, down 7 cents on the day, while next week transfer has been talked $2.08 to $2.13 per gallon bid/ask. Ethanol delivered this week to California was talked 4.5 cents lower at $2.35 to $2.40 per gallon bid/ask.

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

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Copyright 2014 DTN/The Progressive Farmer. All rights reserved.

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