Spot ethanol prices eased in Chicago and New York Harbor markets Thursday after the Energy Information Administration showed ethanol stocks increased for a seventh straight week during the week-ended Feb. 17. The EIA's data showed domestic fuel ethanol supplies rose 200,000 bbl to a 10-month high of 22.7 million bbl last week, although supplies were down 400,000 bbl or 1.9% year-on-year.
In cash ethanol trade, prompt delivered ethanol at the Argo terminal in the Chicago market was talked at $1.495 per gallon, down 0.25 cents. In rail trade, ethanol traded under Rule 11 for prompt shipment traded at $1.48 per gallon, up 1.5 cents. Prompt ethanol supply at the New York Harbor was penciled at $1.565 per gallon, down 1.5 cents, with March barges also valued at $1.565 per gallon, down 1.5 cents.
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