Ethanol Blog

Spot Ethanol Prices Higher Again on Renewed Buying Interest

Spot ethanol prices at the Argo terminal in the Chicago market traded 2.0cts higher at $1.305 gallon Friday while New York Harbor cash prices were talked 1.75cts higher at a $1.43 to $1.48 gallon bid/ask spread. The price advance comes amid talk of renewed short-term buying interest and limited rail car availability to move the product to customers. In regional spread trading, Harbor's premium to Argo widened to 16.0cts Friday morning before narrowing to 15.0cts this afternoon, well above last week's 10.0cts premium.

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

(CZ)

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