Spot ethanol prices extended higher Friday on short covering ahead of the weekend break, with traders saying limited railcar capacity delayed shipments to end-users along the East, West and Gulf coasts where supply is currently tight while demand is up.
Prompt ethanol at Argo was pegged at a $2.21 to $2.26 per gallon bid/ask, up 4.5 cents on the day and at a two-month high. Prompt New York Harbor barge is talked up 0.5 cents at a $3.05 to $3.10 per gallon bid/ask, a 2 1/2-month high, with prompt Las Vegas ethanol valued at $3.15 per gallon, up 1.5 cents.
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