Ethanol Blog
Argo, NYH Spot Ethanol Prices Track Corn Futures Gains
By
George Orwel
U.S. spot ethanol prices ranged higher in thin trade Monday afternoon, with prompt supply at the Kinder Morgan-operated Argo terminal in the Chicago market trading at $1.415 gallon for a gain of 2.5cts while March supply by barge at the New York Harbor traded at $1.51 gallon, up 1.5cts. Higher fuel-ethanol values were supported by corn futures on CBOT, with March corn futures rallying 3.6cts to a $3.67 gallon six-month spot high.
George Orwel can be reached at george.orwel@dtn.com.
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