Spot ethanol prices traded higher in Chicago and New York Harbor on Thursday after the Energy Information Administration reported U.S. ethanol stockpiles declined 289,000 bbl or 1.3% to a 22.031 million bbl one-month low during the week ended Dec. 22. Regionally, East Coast supply declined 13,000 bbl to 6.927 million bbl while Midwest supply fell 238,000 to 7.745 million bbl.
In the physical market, prompt supply at the Argo terminal in the Chicago market traded more than 10 times at $1.29, $1.2930 and $1.295 gallon, up 1.0cts. January barge delivery at the New York Harbor was talked at a $1.4125 to $1.42 gallon bid/ask for a gain of more than 2.0cts.
George Orwel can be reached at email@example.com.
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