Spot ethanol prices tumbled again Tuesday afternoon, with Chicago cash market trading at a better than four-month low on limited buying interest and lower Chicago Board of Trade corn futures.
Prompt supply fuel ethanol at the Argo terminal in the Chicago market traded at $1.425, $1.42 and $1.415 per gallon for a loss of 1.25 cents. In the rail market, ethanol under Rule 11 terms for this week shipment was assessed at $1.395 per gallon, 0.5 cents lower. October barged ethanol at the New York Harbor was pegged $1.485 per gallon, down 1.0 cent on the session.
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