Spot ethanol prices traded lower in Chicago and the New York Harbor on Tuesday amid a weaker Chicago Board of Trade corn futures contract and talk of limited export demand.
Domestic production was seen higher than expected, considering the move into the shoulder season. Prompt ethanol at the Argo terminal in the Chicago market traded a couple of times at $1.4725 per gallon, 1.5 cents lower than end of day Monday.
October barged ethanol at the New York Harbor was assessed at $1.535 a gallon, down 2.5 cents on the session, while rail or barged supply in Houston was pegged at $1.57 a gallon, down 2.0 cents.
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