Spot ethanol prices were lifted Friday by modest gains for Chicago Board of Trade corn futures and talk of strong demand.
In cash trade, prompt delivered ethanol at the Argo supply hub in the Chicago market traded at $1.42 per gallon and talked at a $1.42 to $1.43 per gallon bid/ask, up 0.5 cents. Chicago ethanol under Rule 11 for next week shipment was pegged at $1.41 per gallon, up 2.0 cents on the day. New York Harbor August delivered ethanol barges were valued notionally at $1.49 per gallon, up 2.0 cents. Prompt Arizona ethanol traded at $1.53 per gallon, up 5.25 cents.
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