U.S. spot ethanol prices fell in early trade in New York and Chicago amid easing supply concerns after Energy Information Administration data released midmorning showed ethanol inventories rebounded from a three-week low, rising 1.2% to 16.7 million barrels (bbl) during the week-ended Aug. 2. Imports received totaled 56,000 barrels per day (bpd) last week, and domestic output ramped up 2.5% at 853,000 bpd. Spot ethanol at the Kinder Morgan-operated Argo terminal near Chicago was seen at a $2.275 to $2.295 gallon bid/ask, down 0.5 cents on the day, while prompt New York Harbor ethanol was pegged at $2.50 gallon, down 4.0 cents.
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