Spot ethanol prices traded higher in Chicago and New York on Wednesday after the Energy Information Administration reported ethanol production fell to the lowest level since May 2015 and on a rally for corn futures on the Chicago Board of Trade. Sources said Argo ethanol traded at $1.53 and $1.54 gallon, up 2.5cts. Chicago ethanol traded under Rule 11 for this week shipment traded at $1.53, $1.535 and $1.54 gallon, up 2.0cts. April ethanol barges in the New York Harbor were talked at a $1.61 to $1.62 gallon bid/ask, up 3.0cts.
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