Spot ethanol prices at the Argo supply hub east of Chicago rose 2.0 cents in thin, pre-holiday trade early Monday.
"It's obviously a very thin market there this week," a trader said. "It doesn't take much to move things."
Chicago spot ethanol traded at $2.22 per gallon while any-December ethanol changed hands at $2.15 per gallon, up 1.0 cent from Friday.
"We are kind of in holiday trade," commented Brandon Marshall, Northstar Commodity of Minneapolis, Minn. "There's not much happening today."
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