U.S. spot ethanol prices fell sharply in early Wednesday trade amid easing supply concerns after EIA data showed total U.S. fuel ethanol inventories climbed another 300,000 bbl or 2.1% last week to a 15.4 million bbl six-week high, as domestic production spiked to the highest level since the start of 2012.
New York Harbor barged December ethanol was pegged 1.5 cents lower at $3.42 to $3.45 per gallon bid/ask while today transfer ethanol at Argo terminal near Chicago traded at $2.45 per gallon and was last seen at a $2.40 to $2.44 per gallon bid/ask spread, down 10.5 cents.
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