Spot ethanol prices rose in early trade Friday on rallies for Chicago Board of Trade corn futures and New York Mercantile Exchange RBOB futures.
Prompt delivered product at the Argo terminal in the Chicago market traded at $1.585 per gallon, up 1.75 cents on the session, with any-February deliveries bid at $1.57 per gallon.
A February barge at the New York Harbor was talked at a $1.66 to $1.69 per gallon bid/ask, up 2.5 cents on the session, while March barges at the Harbor were seen at a $1.6625 to $1.68 per gallon bid/ask, up 2.0 cents. The gains recouped most of Thursday's losses for the two actively trade cash markets.
George Orwel can be reached at email@example.com
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