Spot ethanol for today transfer at the Argo terminal near Chicago advanced Friday afternoon with trades reported at $2.95, $3.00, $3.05, and last at $3.10 per gallon, a two-year high and up 12 cents on the day, with next week transfer ethanol trading at $2.70 per gallon, up 13 cents on the session.
Any-September transport Argo ethanol was talked at a $2.19 to $2.24 per gallon bid/ask, slightly up. The gains continued ahead of the weekend break, with trade sources lamenting a lingering short squeeze in the Chicago area.
George Orwel can be reached at email@example.com.
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