Ethanol Blog

Argo Spot Ethanol Trades Tad Higher Ahead of Supply Data

Spot ethanol prices moved mixed Tuesday afternoon ahead of weekly supply data due out Wednesday from the U.S. Energy Information Administration that's expected to show a stock draw.

Cash prices at the Argo terminal in the Chicago market traded twice at $1.5225 and five times at $1.525 per gallon for a modest 0.5-cent gain.

The higher valued trades follow morning weakness when the cash market was pressed down on weaker corn futures traded on the Chicago Board of Trade, which slumped to a nearly three-week low at $3.62 per bushel.

George Orwel can be reached at george.orwel@dtn.com

(ES)

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