Spot ethanol prices rose again early Tuesday on concern over dwindling supply in key regional trading hubs, with further support for ethanol prices coming from higher corn and gasoline futures. The Energy Information Administration said ethanol consumption is forecast to average slightly more than 900,000 bpd in both 2015 and 2016, up from 877,000 bpd in 2014.
Today transfer Argo ethanol traded at $1.625, $1.63 and $1.635 per gallon, 3.5 cents higher on the day, while Rule 11 trades were reported at $1.60 per gallon, up 1.5 cents. New York Harbor October delivered ethanol barges were talked at a $1.66 to $1.71 per gallon bid/ask, up 0.5 cents. On the Texas Gulf Coast, spot Houston ethanol was penciled at $1.70 per gallon, up a penny.
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