Spot ethanol prices were mixed in lackluster early trade Tuesday, as traders weighed lower Chicago Mercantile Exchange corn futures against tight supply in some regional hubs. An increase in short-term demand for physical product at a time of limited supply lifted spot prices in the New York Harbor, while buying interest eased in the Chicago area after traders satisfied immediate supply requirements, trade sources said.
Tomorrow transfer ethanol at Argo situated east of Chicago traded at $2.71 gallon, and was subsequently talked near $2.70, down 7 cents, while a prompt barge delivery for receipt at Linden, N.J., which is part of the New York Harbor, traded at $2.75 gallon, up 5 cents.
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