Some spot ethanol prices rebound on increased buying interest

Author: Amy Volk | Posted: 10/25/2013

U.S. spot ethanol prices rebounded in regional hubs in the Midwest, along the East Coast and the Texas Gulf Coast as buyers returned to the market this morning.

Traders said prices in these hubs were merely stabilizing after recent losses, with prompt transfer ethanol at the Argo hub near Chicago talked at $2.02 to $2.04 per gallon bid/ask for a 3 cents gain for the session.

Meantime, 2013 D6 Renewable Identification Numbers traded 2 cents lower at 25 cents and 26 cents on signs of rising U.S. ethanol production.

Source: DTN Progressive Farmer