Platts launches daily any-month Chicago Terminal ethanol assessments

Platts, part of S&P Global Commodity Insights, has launched daily any-month Chicago Terminal ethanol assessments, effective June 3, 2024.

Platts has launched two any-month Chicago Terminal ethanol assessments, one for the current-month (M1) along with one for the forward-month (M2). The assessments roll to the next forward month two publishing days before the end of the month, this means that there would be at least one clear working day between the roll of the assessment and the start of the new calendar month.

For example, the any-June (M1) 2024 and any-July (M2) 2024 assessments would roll to any-July (M1) 2024 and any-August (M2) on June 27, 2024.

The any-Month Chicago terminal ethanol assessments are basis Inter Tank Transfer (ITT) in the Kinder Morgan Chicago fungible system, which includes the Argo and Chicago (Stony Island) terminals.

Platts assesses a minimum traded volume of 5,000 bbls.

The assessments consider market information reported to Platts and published throughout the day, including firm bids and offers, trades, and indicative values, as well as any other data deemed relevant to the assessment process.

The any-month ethanol price assessments are published as an outright value in US cents per gallon.

A summary of the assessments is below:

The methodology and specifications for the 5-15 day forward Platts benchmark Chicago terminal ethanol assessment can be found here: https://www.spglobal.com/commodityinsights/PlattsContent/_assets/_files/en/our-methodology/methodology-specifications/global_biofuels.pdf

The assessments reflect a 1330 Houston time market close and follow the Platts US publishing schedule.

Please send any further questions and comments to MRTS_biofuelsandfeedstocks@spglobal.com and pricegroup@spglobal.com .

For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make comments not marked as confidential available upon request.