Spot ethanol prices were mixed in thin trade Friday, with Chicago Board of Trade corn futures edging higher while New York Mercantile Exchange RBOB futures were lower by a fraction ahead of weekend break.
In cash trade, prompt delivered ethanol at the Argo supply hub in the Chicago market traded at $1.43 per gallon, up 0.75 cent. Chicago ethanol under Rule 11 for this week shipment traded at $1.40 per gallon for 1.0 cent loss.
New York Harbor August delivered ethanol barges traded at $1.48 per gallon, up 0.5 cent. This week delivered ethanol in northern California was offered at $1.60 per gallon for a 3.0-cent loss.
George Orwel can be reached at firstname.lastname@example.org
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