Spot ethanol prices were higher in Chicago, New York Harbor and Arizona on Friday as Chicago Board of Trade corn futures ranged higher and the dollar fell to a seven-month low.
In cash trade, prompt ethanol supply at the Argo hub in the Chicago cash market traded at $1.535 and $1.54 per gallon for a 2.25-cent gain.
In the rail transport market, ethanol under Rule 11 terms traded at $1.51 and $1.515 per gallon, up 0.5 cent on the session. June fuel ethanol barges at the New York Harbor valued at $1.605 per gallon for a 0.5-cent gain, with Arizona product trading at $1.41 per gallon, up 3.0 cents on the session.
George Orwel can be reached at firstname.lastname@example.org
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