Ethanol Blog
New York, Argo Spot Ethanol Prices Ease with RBOB Futures
By
George Orwel
Spot ethanol prices at the New York Harbor and at the Argo terminal near Chicago were discussed lower in a thin early trade session Thursday, pressured by a broad-based selloff in commodities such as gasoline. Still, supply remains tight based on federal data Wednesday. "The crush is getting hit again today and imports will make things worse," said a sell-side ethanol trader based in the Midwest. "Overall, crowded markets (lead to) profit-taking," said a trade source based in New York.
George Orwel can be reached at george.orwel@telventdtn.com.
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