U.S. spot ethanol prices were talked slightly higher in early trade Monday as summer blending demand is expected to run ahead of supply, according to trade sources.
This week in-tank transfer ethanol at the Kinder Morgan-operated Argo terminal near Chicago was talked at a $2.43 to $2.47 gallon bid/ask spread, up 0.5 cents on the day, while a prompt barge transit to the New York Harbor was talked at a $2.53 to $2.56 gallon bid/ask spread, up 2.5 cents on the session. In the market for ethanol compliance credits, D6 Renewable Identification Numbers for 2013 were talked at $1.03 to $1.05, up 2.5 cents.
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