Ethanol price falling on more corn output

Corn , Energy , Energy Oct 09, 2013 No Comments

EthanolEthanol dropped to the lowest price in more than three years, expanding its discount to gasoline, on speculation the corn harvest will enable distillers to increase production of the biofuel.

Denatured ethanol for November delivery fell 1.2 cents, or 0.7 percent, to $1.675 a gallon on the Chicago Board of Trade after touching $1.668, the lowest price since July 2010. Futures have dropped 24 percent this year.

via Ethanol Lowest in Three Years on Signs of More Output (Correct) – Businessweek

Rod Sherkin

Rod is a former senior executive, responsible for Purchasing, for both Pillsbury and Ball Packaging back in the 80’s and 90’s. Since then, he has continued to work in the Purchasing field as both a consultant and founder of the website Propurchaser.com.

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