Blendstocks/feedstocks:Ethanol drops on cheaper corn

摘要

Falling demand and lower corn prices were driving ethanol lower Wednesday,with the market all sellers and no buyers,market sources said.New York ethanol was offered for October at 1.75/gal,about 7 cents/gal below the Platts assessment for Tuesday of 1.82-1.83/gal.Chicago offers for October were seen at 1.65/gal,off 9 cents/gal from 1.71-1.72/gal on Tuesday.