Spot ethanol prices were mixed Friday afternoon despite a rallying New York Mercantile Exchange RBOB futures contract and slightly higher Chicago Board of Trade corn futures.
The mixed price action follows bearish supply data released midweek that detailed plant production at domestic ethanol facilities registered a record high at 1.059 million bpd during the week-ended Aug. 11.
Prompt ethanol supply at the Argo terminal in the Chicago market was talked at $1.5075 to $1.52 per gallon, down 0.62 cents.
In the rail market, ethanol traded under Rule 11 terms for this week shipment traded steady at $1.49 per gallon. August barged ethanol at the New York Harbor was pegged flat at $1.59 per gallon. Prompt supply in Arizona traded at $1.645 gallon, up a penny.
George Orwel can be reached at email@example.com.
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