Ethanol Blog

New York area spot ethanol prices edged higher on export demand while Chicago area prices eased on excess regional supply. "Lots of ethanol cargoes are being staged for export," said a trade source, explaining why prices for New York Harbor are higher. "Argo staying down because Shell is selling ... [They are selling] because they have it and don't need it." Prompt Argo ethanol traded at $1.64 for a 1.5cts loss while October New York Harbor traded at $1.85 gallon for a 5.0cts gain.

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

(ES)

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