Physical ethanol traded higher in Chicago's early session Friday, boosted by increased buying interest domestically and export demand. "There are more bids than offers and barges are moving abroad," said a trade source. Prompt delivered ethanol at the Argo hub near Chicago traded early at $1.40 gallon while any February Argo prices traded at $1.42 gallon for a gain of 0.5cts on the session. Chicago ethanol traded under Rule 11 for this week shipment traded at $1.40 gallon, up about 2.0cts on the session.
George Orwel can be reached at email@example.com.
© Copyright 2016 DTN/The Progressive Farmer. All rights reserved.