Ethanol Blog
Argo, NYH Ethanol Prices Advance on Increased Buying Interest
Physical ethanol prices advanced again early Monday on increased buying interest, with gains enhanced by higher corn and gasoline futures.
Today transfer ethanol at the Argo traded at $1.355 per gallon, up 2.0 cents. Chicago ethanol traded on the basis of Rule 11 for this week shipment traded at $1.35 per gallon, up 2.0 cents. April ethanol swaps traded at $1.395 per gallon, up 1.5 cents. Ethanol barges for March shipment to the New York Harbor were discussed at a $1.44 to $1.46 per gallon bid/ask spread, up 1.0 cent on the day.
George Orwel can be reached at george.orwel@dtn.com.
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