U.S. spot ethanol prices accelerated higher Thursday afternoon amid talk supplies were tight outside the Midwest ethanol producing region of the United States, with sources saying limited railcar capacity is delaying shipments to "destination markets" along the West, Gulf and East coasts.
Prompt delivered Argo ethanol was valued 4 cents higher at $2.36 per gallon while prompt delivered New York Harbor ethanol barge valued up 2.5 cents at $3.325 per gallon. Northern California prompt ethanol prices gained 1.5 cents on offer at $3.40 per gallon.
George Orwel can be reached at firstname.lastname@example.org
© Copyright 2014 DTN/The Progressive Farmer. All rights reserved.
More Recommended for You
The ethanol industry in the United States has avoided a possible tariff on exports to Brazil, at...
Despite strong gains in energy markets and a sharp crude oil rally, the move in ethanol markets was driven by a strong selloff in the corn market. Corn...