U.S. spot ethanol prices trimmed early gains in afternoon trade Monday, with the cash markets in Chicago and the New York Harbor higher on support from a rally for Chicago Board of Trade May corn futures. Prompt fuel ethanol supply at Argo terminal traded 1.5cts higher at $1.565 and $1.57 gallon. In the rail market, ethanol under Rule 11 terms for shipment this week was talked 1.75cts higher at $1.5525 gallon. May barged fuel ethanol in the New York Harbor was pegged at $1.63 gallon, up 1.0cts on the session.
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