Spot ethanol prices stretched losses in thin early trade Thursday, trading about 2.0 cents lower on the day in Chicago, as the market continues to reel from Wednesday's government report showing domestic ethanol stocks rose last week amid higher production and imports.
Today transfer ethanol at the Kinder Morgan-operated Argo supply terminal near Chicago traded twice at $1.56 per gallon, down 2.0 cents. Any October prices also traded earlier at $1.56 per gallon, down 0.5 cents. Chicago ethanol traded under Rule 11 for this week shipment traded at $1.55 per gallon, down 2.0 cents.
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