Spot ethanol prices moved mixed with an upside bias in early afternoon trade Wednesday, with prompt ethanol deliveries to the Argo terminal near Chicago trading a tad lower while ethanol supply for prompt delivery in the New York area and in other regional hubs saw modest gains.
A trader attributed the gains to higher corn futures. Prompt ethanol supply at the Argo traded twice at $1.48 per gallon, down 0.25 cents. Chicago ethanol traded under Rule 11 for this week shipment traded at $1.47 and $1.475 per gallon for a 1.5-cents gain on the session. September barges at the New York Harbor were talked at a $1.545 to $1.5575 per gallon bid/ask, up 0.13 cents.
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