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

Ethanol Advances Most in 11 Weeks as Heat Threatens Cost Boost

June 18 (Bloomberg) -- Ethanol futures advanced the most in 11 weeks on concern that hot weather will raise production costs for the biofuel.

Prices gained as a heat wave blanketing parts of the U.S. Midwest threatened corn crop development. The grain is the primary feedstock in U.S.-made ethanol, with one bushel distilling into at least 2.75 gallons of the gasoline additive.

“It’s just a big weather rally in corn,” said Jason Ward, an analyst at Northstar Commodity Investments in Minneapolis.

Denatured ethanol for July delivery surged 5 cents, or 2.5 percent, to settle at $2.077 a gallon on the Chicago Board of Trade, the highest price since June 8 and the biggest one-day gain since March 30. Futures have fallen 5.7 percent this year.

In spot market trading, ethanol was unchanged in New York at $2.10 a gallon, in Chicago at $2.03 and in the U.S. Gulf at $2.09 a gallon, according to data compiled by Bloomberg. Ethanol on the West Coast jumped 5 cents, or 2.3 percent, to $2.225.

Corn for December delivery increased 28 cents, or 5.5 percent, to $5.34 a bushel in Chicago.

To contact the reporter on this story: Mario Parker in Chicago at

To contact the editor responsible for this story: Dan Stets at

Please upgrade your Browser

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

Chrome, Firefox, Safari, Opera or Internet Explorer.