Prices were relatively stable during the first half of 2012, but they rose at mid-year as severe drought and scorching temperatures reduced corn yields, resulting in higher prices for corn that is used to make nearly all U.S. ethanol.
Ethanol spot prices rose from a low of around $2 per gallon in mid-June to a 2012 peak of $2.61 in late July. However, that was still 30 cents per gallon lower than the peak spot price at about the same time in 2011. Ethanol prices last year did not rise above 2011 levels until December 2012.
… Full text: www.eia.gov/todayinenergy/detail.cfm?id=9791
Tags: corn supplies, ethanol production, import, sugar cane-based, Brazil, E15
Source: EIA, 2013-01-31.