Spot ethanol prices retreated Friday on the back of downside reversals by RBOB futures on the New York Mercantile Exchange and corn futures on the Chicago Board of Trade.
Prompt ethanol supply at the Argo terminal in the Chicago market was pegged at $1.54 per gallon, down 2.0 cents. On the East Coast, September barged ethanol at the New York Harbor was pegged at $1.61 per gallon, down 1.0 cent. Prompt supply in Arizona in the southwest was talked in a $1.60 to $1.61 per gallon bid/ask spread, down 6.5 cents on the session.
George Orwel can be reached at email@example.com
© Copyright 2017 DTN/The Progressive Farmer. All rights reserved.