Spot ethanol trading was light Tuesday as the third quarter began. "I think market traders were focused on quarter-end positions yesterday so today seems to be a slow start," commented a trade source this morning. Another remarked that the market seems to be "signaling that it wants more ethanol." He said, "[T]ry and find some prompt ship rule 11 cars -- good luck. That's a signal there's not a lot of ethanol out there."
At the Argo trading hub near Chicago, spot ethanol was pegged at a $2.08 to $2.10 bid/ask price, down 2.0 cents on the day.
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