Chicago and New York Harbor spot ethanol prices traded higher again Monday, lifted by short-term blending demand and concern plant maintenance would reduce production and inventory.
Ethanol for prompt delivery at the Argo terminal in the Chicago market traded at $1.49, $1.50 and $1.5025 per gallon, up 3.0 cents. In the rail market, ethanol traded under Rule 11 for this week shipment changed hands at $1.465 per gallon, up 0.5 cent on the session.
On the East Coast, any March barged ethanol at the New York Harbor was talked at a $1.56 to $1.58 per gallon bid/ask, up 2.0 cents on the session. Arizona prompt ethanol supply was offered at $1.60 per gallon, with this week transport to northern California discussed at $1.63 per gallon, up 0.5 cent.
George Orwel can be reached at firstname.lastname@example.org
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