Spot ethanol prices traded lower in Chicago and northern California Tuesday, tracking falling corn futures on the Chicago Board of Trade. Trade volume was thin, a source said.
In cash trade, prompt delivered ethanol at the Argo supply hub in the Chicago market traded at $1.39 per gallon and was talked at a $1.37 to $1.385 bid/ask spread, down 2.0 cents. Chicago ethanol under Rule 11 for this week shipment traded at $1.37 per gallon for a 2.0 cents loss. Northern California this week delivered ethanol traded at $1.53 per gallon, down 5.0 cents.
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