Physical and paper ethanol prices in the Chicago market traded higher early Friday, but the market was under pressure early afternoon.
Prompt delivered ethanol at the Argo supply hub in Chicago traded at $1.6875 per gallon late morning, up 1.75 cents, with next week shipment of ethanol under Rule 11 terms talked in a $1.65 by $1.67 bid-ask range. In the paper market, Chicago July ethanol swaps traded early at $1.6725 per gallon, up 0.75 cents, and early afternoon at $1.655 per gallon. June Chicago swaps were talked at a 1.0 cent premium to July and August swaps at a 1.5 cents discount.
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