Ethanol RINs Steady, Ethanol Cash Prices Mixed Tuesday

In August 31 compliance credits trade, 2026 D6 RINs were steady at $2.1400, and 2025 D6 renewable identification numbers (RINs) were steady at $2.1425. The 2026 D4 RINs were steady at $2.1925, and 2025 D4 RINs were steady at $2.2020.

Spot ethanol cash prices were mixed with New York Harbor up $0.0100 at $2.1300. Prompt-delivered ethanol to Kinder Morgan’s Argo terminal in Chicago was up $0.0030 at $2.0555, and Chicago rail via Rule 11 was down $0.0020 at $2.0330.

The Daily Ethanol State Average cash price is $2.3447 per gallon, up $0.0043 versus prior-day prices.

December corn closed up 8 1/4 cents at $5.46, and March corn was up 8 cents at $5.60 1/4, closing higher with strong gains in soybean futures and higher wheat futures. For the month of August, corn saw its largest gain since 2011. In Monday’s crop progress report, USDA NASS estimated that 57% of the crop was in good-to-excellent condition, unchanged versus prior week, while 17% of the crop was rated very poor to poor, steady with the prior week. The poorest-rated states are Colorado at 30% poor and 25% very poor, North Dakota at 26% poor and 17% very poor, South Dakota at 21% poor and 11% very poor and Texas at 23% poor and 12% poor to very poor.

The NYMEX WTI October futures contract closed up $4.46 at $90.22 per barrel (bbl), and the November futures contract was up $3.69 at $87.75 per barrel (bbl), closing sharply higher as the U.S. carried out more attacks in Iran in response to two tankers being hit in the Strait of Hormuz.

Maria Eugenia Garcia, DTN Energy Editor, said, “Oil futures climbed over 5% on Tuesday (9/1) after the United States launched new strikes against Iran, raising concerns of a disruption to vessel traffic through the Strait of Hormuz. According to media reports, the U.S. Central Command accused the Islamic Revolutionary Guard Corps (IRGC) of attempting attacks on commercial vessels transiting through the key waterway and on ‘American service members deployed in the region.’ In response, the IRGC said the U.S. will face ‘severe punishment’ for the strikes. Global supply tightness is anticipated as the escalating hostilities in the Middle East have erased recent hopes for a diplomatic breakthrough and the full reopening of the Strait of Hormuz.”

September RBOB was up $0.0581 per gallon at $3.1351, and October RBOB was up $0.0769 per gallon at $1.9661, closing higher with the surge in crude oil today. September 1 AAA national average gas prices are $4.0954 per gallon for regular, $5.6325 for diesel, and $3.1268 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

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