Spot ethanol prices at the Kinder Morgan-operated Argo terminal in the Chicago market reversed lower in afternoon trade after the U.S. Energy Information Administration reported fuel ethanol inventories increased again last week, up by roughly 400,000 bbl to a 23.7 million bbl record high, and are now 6.7% higher than the corresponding week in 2016.
Prompt ethanol delivery at Argo traded in the morning at $1.655 per gallon and at $1.635 per gallon Wednesday afternoon, down 0.25 cent on the session. April barged ethanol at the New York Harbor was assessed unchanged at $1.715 per gallon.
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