In Illinois, Platts reports Chicago Argo ethanol prices soared to $1.6290/gal, nearly 10 cents higher on the day and the highest seen in seven weeks. Rising corn futures supported the price increase for ethanol as the March, May and July CBOT corn futures contracts all hit the 25 cent per day price limit within an […]
In Iowa, Platts reports that ethanol crush margins have been squeezed back into single digits as of just over 7 cents per gallons as ethanol prices slump with Chicago Argo ethanol at $1.2430/gal on July 20. Corn prices have also been falling but at a slower rate than ethanol, tightening the crush margin. Ethanol production […]
In Texas, Platts reports Chicago Argo ethanol prices high a seven-month high this week at $1.53/gal thanks to shrinking stock levels of perhaps just 20% at the Kinder Morgan terminal. The US Army Corps of Engineers is working on a river maintenance project that will limit barge traffic for the terminal, so buyers took additional […]
In Illinois, Platts reports that the Chicago Argo ethanol benchmark price has fallen to a historic low of $1.04/gallon on the back of falling demand brought about by the coronavirus outbreak that is keeping people at home and off the roads. The last time the price was near this level was in July 2003 when […]
In Illinois, Platts reports that benchmark Chicago Argo ethanol prices have reached $1.6075/gal, 13.6 cents higher than last week and the highest seen since April 2017. Corn prices have been soaring of late, reaching five-year highs of $4.53/bushel, due to wet weather in the Midwest this spring that has delayed and cut corn plantings, and […]
In Illinois, Platts reports that Chicago Argo ethanol prices rose to $1.5295/gal on Thursday, the highest seen in 20 months, and 18.20 cents higher since May 23. On May 28, the fuel rose 9 cents a gallon in a single day. With wet weather in the Midwest keeping farmers from planting corn, corn prices have […]
In Illinois, following a period of industry consultation, S&P Global Platts announced a proposal to revise the methodology for its Ethanol Chicago (terminal) price assessment to expand the delivery (offtake) options to include barge, rail and truck loading, effective May 1, 2019. “By this proposal, we will expand delivery options for our Ethanol Chicago price assessment, […]
In Illinois, Platts reports that prices for Chicago Argo ethanol have fallen to $1.1725/gal the lowest level seen in 15 years. Healthy margins kept ethanol producers pumping out more than a billion barrels per day well past the peak summer driving season but that have since fallen into negative margins at around minus 16.41 cents/gal […]
