How To Make Biodiesel
Biofuel production and other alternative fuel updates.
Biodiesel Categories
Ethanol prices rose marginally on many racks nationwide in the latest week, but retreating bids in southwestern markets rendered the average national price unchanged. The national average remained at $2.30 a gallon, according to surveys conducted by Ethanol & Biodiesel News. Market activity, though traders had reported a slight pick-up at the beginning of the week, was characterized by a lack of buying interest as blenders switch over to summer blends. Still, ethanol prices increased in most regions due to upward pressure from RBOB prices and expected demand for the summer driving season. Ethanol futures on the Chicago Board of Trade ethanol futures settled lower Monday in thin trading. The May contract ended down at $2.20 per gallon. June ethanol finished 2 cents lower at $2.13. Ethanol futures were seen trading higher Tuesday following the results of a weaker-than-expected corn planting pace in Monday’s U.S. weekly crop progress report. Yesterday, the U.S. Department of Agriculture reported that 4% of the U.S. corn crop was planted as of April 15, below the 8% planted last year and slightly beneath analyst expectations of 5 to 8% planted.
No Responses to “Average ethanol rack prices hold steady, market seen heading up”
No comments yet
Leave a Reply
Biodiesel Posts
- Average ethanol rack prices hold steady, market seen heading up
- WAITING TO PLUG IN: Minnesota’s demand for green energy has surged beyond industry’s ability to keep up ? yielding short-term delays but long-term opportunities.
- AB Enzymes develops cost-reducing enzyme for biofuels sector
- Clovis lands $16 million biodiesel plant
- Cash crop production helps attract industry
- China Biodiesel posts 38% jump in profit for 2006
- Ethanol use for biodiesel studied
- Conoco links up with Tyson in biodiesel venture
- The first 100 per cent biodiesel tractors arrive in the UK
- First commercial biodiesel plant starts up