U.S. spot ethanol values were mixed during a thinly-traded session Friday, with Chicago prices giving up some of their midweek gains while spot prices for New York edged higher.
The ethanol market rallied July 3 after federal data showed ethanol stocks fell last week to a record low while demand increased sharply. Trades were reported concluded for prompt delivered Argo ethanol at $2.39 and $2.40 per gallon, down 3.5 cents on the day, while July New York Harbor was valued at $2.52 per gallon, up 1.5 cents on the day.
There was light activity a day after the Independence Day holiday, with many traders opting to extend the holiday through the weekend.
George Orwel can be reached at firstname.lastname@example.org.
© Copyright 2013 DTN/The Progressive Farmer. All rights reserved.