Ethanol Blog

Traders said ethanol supply was getting tight in key regional hubs, boosting prices in the Midwest and along the West Coast. One trader sold a cargo in the Chicago physical market under Rule 11 for shipment to the East Coast at $2.47 gallon, reflecting a 2.0-cent gain on the day, while others received offers for prompt delivered ethanol at the Argo terminal near Chicago at $2.47 and $2.48 a gallon. "The market is very tight," said one trader. "People are suddenly realizing that corn will be very expensive [going forward]."

George Orwel can be reached at george.orwel@telventdtn.com.

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