23 April 2014 22:20 [Source: ICIS news]
HOUSTON (ICIS)--US spot fuel ethanol prices were assessed lower on Wednesday, as supplies continue to build on strong production and imports.
The New York Harbor (NYH) region showed the only gain for the week, as demand continued to outpace supply in the area.
Rule 11 ethanol, which is ethanol transported by railroad, fell by 10 cents/gal to $2.47/gal, down from $2.57/gal.
Sources said supplies have started to normalise, although there continues to be an influx of imported ethanol from Brazil.
Meanwhile, feedstock corn futures jumped back over the $5.00/bushel threshold, settling at $5.03/bushel on 23 April, up from $4.97/bushel a week ago.
Ethanol spot prices (US dollars/gal)?xml:namespace> Midwest Chicago S. Cal NYH 23-Apr 2.43-2.45 2.38-2.40 2.75-2.77 2.45-2.47 16-Apr 2.53-2.55 2.48-2.50 2.84-2.86 2.38-2.40 9-Apr 2.88-2.90 2.83-2.85 3.12-3.14 2.83-2.85 2-Apr 3.25-3.30 3.20-3.25 3.74-3.76 3.54-3.56
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