Spot ethanol prices eased early in thin trade at the New York Harbor and in Chicago, pressured by federal data showing a rebound in U.S. ethanol stockpiles.
Stocks rose 400,000 bbl, or 2.3%, to 16.4 million bbl in the week-ended May 31, the Energy Information Administration reported today.
"There isn't a lot of volatility," said a trader. "Prices are just lining up with the (EIA) data."
George Orwel can be reached at firstname.lastname@example.org.
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