Spot ethanol prices were mixed early with most of the attention on Hurricane Irma, which has restricted travel in Florida and could reduce demand for ethanol-blended gasoline in the Southeast just a week after Hurricane Harvey did the same to Texas.
Prompt ethanol supply at the Argo terminal in the Chicago market traded at $1.56, $1.565 and $1.57 per gallon, down 1.5 cents. In the rail shipment market, ethanol traded under Rule 11 terms was bid at $1.56 per gallon, unchanged.
On the East Coast, September barged ethanol at the New York Harbor was pegged at $1.64 per gallon, down a penny, while October barges were bid at $1.62 per gallon, down 1.0 cent on the session. Corn futures edged higher while RBOB futures slumped on easing demand.
George Orwel can be reached at firstname.lastname@example.org
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