Spot ethanol prices edged higher Tuesday, tracking gains by Chicago Board of Trade corn futures. Trade volume was thin at the start of the trade week after the three-day Labor Day holiday weekend. Bids were higher after a sluggish morning trade.
Prompt ethanol supply at the Argo terminal in the Chicago market traded at $1.56 per gallon, nudging up 0.5 cents on the session. In the rail shipment market, ethanol traded under Rule 11 terms was assessed at $1.56 per gallon, up 1.5 cents on the session. September barged ethanol at the New York Harbor was pegged at $1.64 per gallon, up 1.0 cent.
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