Physical ethanol prices advanced again early Monday on increased buying interest, with gains enhanced by higher corn and gasoline futures.
Today transfer ethanol at the Argo traded at $1.355 per gallon, up 2.0 cents. Chicago ethanol traded on the basis of Rule 11 for this week shipment traded at $1.35 per gallon, up 2.0 cents. April ethanol swaps traded at $1.395 per gallon, up 1.5 cents. Ethanol barges for March shipment to the New York Harbor were discussed at a $1.44 to $1.46 per gallon bid/ask spread, up 1.0 cent on the day.
George Orwel can be reached at firstname.lastname@example.org.
© Copyright 2016 DTN/The Progressive Farmer. All rights reserved.