In Illinois, Platts reports that electricity at the Chicago Argo Kinder Morgan ethanol terminal was knocked out on Monday following severe weather, but the company said it is operating on a backup generator. Expectations of the impact on the market was mixed, with some believing there would be no impact while others said there was […]
In Illinois, Platts reports that Chicago Argo ethanol prices have reached $1.2710/gal, the highest seen since early March when the COVID-19 pandemic was starting to ramp up worldwide. It reached an all-time low of 81.05 cents on April 1 but the benchmark indicator for Midwest ethanol prices has increased in six of the last trading […]
In Illinois, Platts reports Chicago Argo ethanol prices fell to a new record low of 84.8 cents per gallon earlier this week, falling from the previous low set on March 23, the fifth time a new low has been hit in the past three weeks. Demand for ethanol continues to slump as drivers stay home […]
In Illinois, as the US ethanol market sees record production levels, nine-month highs of stocks and a switch to negative crush margins, the premium for New York Harbor above Chicago Argo narrowed to 6.75 cents on Friday from 8 cents the week before. Increased inventories in the East Coast region have weighed on demand, pulling […]
In Illinois, Chicago Argo ethanol prices sunk to $1.4205/gal, the lowest in five months, as large stocks of 21.115 million barrels and ever-higher record production of 1.054 million b/d weighed on prices. Stocks increased by more than 1 million barrels while gasoline demand fell to a two-year low. With demand having fallen off from China […]
In Illinois, Chicago Argo ethanol prices jumped more than 8 cents per gallon to $1.84/gal on Friday, the largest inter-day price increase seen in two years. Prices are near a two-year high due to a lack of sellers in the market, indicating a lack of readily available product. Exports in October were the highest since […]
In Illinois, Chicago Argo ethanol is edging close to a six month high at $1.71/gal on Monday thanks to robust exports mixed with falling stocks, down by more than half a million barrels on the week last week. Corn futures prices have rallied recently to $3.4950/bushel on Monday, providing further support to prices. Ethanol exports […]
In Illinois, Chicago Argo ethanol prices reached a one-month high last Friday at $1.4875, up 2.7 cents from the previous day, thanks to continued export demand, especially from Northeast Brazil. Asian destinations including China could become demand centers later on in the year as demand in Brazil wanes off following the start-up of the northeast’s […]
In Illinois, Chicago Argo ethanol has tumbled to its lowest in at least a month at $2.0875/gal, down 11.25 cents from recent levels. After record ethanol production following a record corn crop, the market may at last be oversupplied after soaring nearly 54% in November. Already more than 71 cents of the 98 cents gained […]
In Illinois, on Monday the Chicago Argo ethanol assessment broke out of the sideways trading it had been suffering from during the last two weeks and gained four cents to $2.1950/gal on increased demand. Summer vacation and mixed supply and demand figures have kept prices hovering until it could choose which direction to go.
