Spot ethanol prices continued higher along the West Coast on lingering supply concerns while New York prices held unchanged and Chicago area prices were a tad lower.
Trade volume was thin for physical product as most traders stayed on the sideline. The paper market was somewhat more active. Today in-tank transfer ethanol in Portland, Ore., was talked at a $3.30 to $3.35 per gallon bid/ask, up 0.5 cents. In northern California, ethanol was talked in a $3.35 to $3.37 per gallon bid/ask, up 4.0 cents, while in Phoenix, Ariz., prompt ethanol was bid $3.30 per gallon, up 13.5 cents.
George Orwel can be reached at email@example.com
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