Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Ethanol Advances Second Day on Concern Margins to Temper Output

Ethanol futures advanced a second day in Chicago on concern that negative margins will prompt producers to temper output.

Futures jumped to the highest price in more than three weeks on concern that distillers of the fuel, losing as much as 12 cents on every gallon, according to data compiled by Bloomberg, will reduce production with record inventories.

“Margins have been hit hard by the recent oversupply of ethanol inventory, but some fresh concerns that producers may reduce production in response set off a surprise rally,” said Michael Breitenbach, an analyst and trader at Blue Ocean Brokerage LLC in New York.

Denatured ethanol for March delivery increased 1.8 cents, or 0.8 percent, to $2.211 a gallon on the Chicago Board of Trade, the highest price since Jan. 11. Prices are down 7.8 percent from a year earlier.

Ethanol stockpiles swelled 5.8 percent to a record 20.9 million barrels in the week ended Jan. 27, according to Energy Department data.

The biofuel is blended with gasoline to stretch supply and meet federal mandates.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.