Spot ethanol prices edged higher Thursday on the back of a rally for New York Mercantile Exchange RBOB futures while Chicago Board of Trade corn futures came under pressure from a bearish supply estimate report by a leading research firm.
Prompt transfer ethanol at the Argo supply hub near Chicago was talked at a $1.45 to $1.48 per gallon bid/ask for a 1.0-cents gain on the session. New York Harbor prompt delivered ethanol barges were talked at a $1.58 to $1.60 per gallon bid/ask for a 4.5-cents gain. This week transfer ethanol in northern California was seen at a $1.62 to $1.64 per gallon bid/ask, up 2.0 cents on the day.
George Orwel can be reached at firstname.lastname@example.org.
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