Ethanol RINs Higher, Ethanol Cash Prices Lower Friday

In July 15 compliance credits trade, 2026 D6 RINs were up $0.0100 at $2.4125 and 2025 D6 renewable identification numbers (RINs) were up $0.0100 at $2.4100. The 2026 D4 RINs were unchanged $0.0000 at $2.4650, and 2025 D4 RINs were up $0.0100 at $2.4450.

Spot ethanol cash prices were lower, with New York Harbor down $0.0100 at $2.0050. Prompt-delivered ethanol to Kinder Morgan’s Argo terminal in Chicago was down $0.0225 at $1.8875 and Chicago rail via Rule 11 was down $0.0200 at $1.8850.

The Daily Ethanol State Average cash price is $2.2060 per gallon, down $0.0098 versus the prior trading day.

September corn closed up 3 1/4 cents per bushel at $4.44 3/4 and December closed up 3 1/2 cents at $4.67 1/2, closing higher thanks to strength in KC wheat especially and higher soybeans. The market is becoming more focused on the dry weather in the northwest and parts of the Upper Midwest with little relief in sight. A farmer in NW Minnesota said the corn and soybeans as well, are showing the stress from heat and no rain. For the week, September corn closed up 5 1/4 cents and December corn was up 6 1/2 cents.

The NYMEX WTI August futures contract closed up $3.54 at $82.49 per barrel (bbl), and the September futures contract was up $3.50 at $81.78 per barrel (bbl), closing sharply higher and gaining 16% for the week.

Barani Krishnan, DTN Refined Fuels Market Reporter reported, “Crude futures posted on Friday (7/17) their largest weekly advance since the end of February as U.S.-Iran tensions revisited this week the peaks of the Middle East conflict, now approaching its fifth month. It was the largest weekly gain for the U.S. crude benchmark since the week ended February 27, which marked the start of the conflict. Any blockade of the Bab el-Mandeb will add to the already severely restricted oil shipments on the Strait of Hormuz, where some 20% of the world’s oil supply used to transit before the war. Daily commercial transits through Hormuz dropped into single digits by Friday afternoon, with maritime tracking data showing tankers halting or reversing course following the reimposition of the U.S. naval embargo on Iran and continuous drone and missile strikes.”

August RBOB was up $0.1080 per gallon at $3.3927 and September RBOB was up $0.1004 per gallon at $3.1916, closing higher and gaining 13.67% for the week. July 17 AAA national average gas prices are $3.9810 per gallon for regular, $5.0580 for diesel and $3.0740 for E85. For comparison, since the beginning of the Feb. 28 conflict, Feb. 27 AAA national average gas prices were $2.982 per gallon for regular, $3.757 for diesel and $2.332 for E85.

Mary Kennedy can be reached at mary.kennedy@dtn.com

Follow her on social platform X @MaryCKenn