Spot ethanol prices were higher across the country, lent support from gains by Chicago Board of Trade corn futures and New York Mercantile Exchange RBOB futures and in front of a weekly inventory report from the Energy Information Administration due out at 10:30 AM ET Wednesday.
Prompt delivered ethanol at the Argo terminal in the Chicago market traded at $1.4975 per gallon and was pegged last at $1.5275, up 2.75 cents, with Rule 11 supply talked at $1.5275 per gallon, up 1.75 cents on the session. April barged ethanol at the New York Harbor was talked at a $1.6125 to $1.6275 per gallon bid/ask spread for a 1.5-cent session loss. Pacific Northwest spot ethanol traded at $1.65 per gallon for a 3.0-cent gain.
George Orwel can be reached at firstname.lastname@example.org
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