Spot ethanol prices extended higher for the sixth straight session Friday on talk of supply shortages in key trade hubs ahead of the weekend break. Recent data also showed a tightening supply-demand balance.
Prompt ethanol at Argo was talked at a $1.56 to $1.58 per gallon bid/ask, up 1.5 cents. New York Harbor October barges traded 2.5 cents higher at $1.71 per gallon. Prompt northern California was pegged at $1.73 per gallon, up 0.5 cents. Spot Arizona ethanol traded $1.72 per gallon, up 1.5 cents.
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