Spot ethanol prices were little changed in lackluster trade early Monday, with Chicago and Texas Gulf Coast prices edging 1 cent higher on the back of modest gains for Chicago Board of Trade corn futures, while spot prices for product delivered in the New York Harbor and along the West Coast stayed flat.
The values of tradable ethanol compliance credits edged 1 cent higher as well. "A few things have traded, not sure what level, but a little this week delivered product," said a broker.
George Orwel can be reached at firstname.lastname@example.org.
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