Ethanol Blog

Argo, NYH Spot Ethanol Prices Tumble with Corn Futures

Cash ethanol prices extend lower in early trade Tuesday under selling pressure from Chicago Board of Trade corn futures that declined amid profit-taking.

Prompt delivered ethanol at the Argo terminal in the Chicago market was talked at $1.43 per gallon and any January product traded at $1.43 per gallon for a 2.5-cent loss.

In the rail market, ethanol traded under Rule 11 was discussed from $1.41 to $1.44 per gallon, down 4.0 cents on the session. January ethanol barges in the New York Harbor were talked at $1.50 per gallon for a loss of 3.25 cents. February barges were offered early at $1.545 per gallon, down 1.5 cents.

George Orwel can be reached at george.orwel@dtn.com.

(ES)

Comments

To comment, please Log In or Join our Community .