U.S. spot ethanol prices rose early Monday on tight supply concerns and talk of growing export demand. Prompt ethanol supply at the Argo hub in the Chicago market traded at $1.665 per gallon, up 0.50 cents, any October Argo traded at $1.65 per gallon, up 2.0 cents, November supply was pegged at $1.57.
Chicago ethanol supply traded under Rule 11 for prompt shipment traded at $1.64, up 1.5 cents. October ethanol barges at the New York Harbor were talked at $1.705, up 0.5 cents, and November Harbor barges were talked in a $1.67 to $1.695 per gallon bid/ask spread, up 1.5 cents. Prompt ethanol supply in Virginia and North Carolina were both offered at $1.80 per gallon while in Georgia and Florida ethanol was offered at $1.77 per gallon.
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