Chicago Rule 11 prompt values were talked 1.0cts higher in early trade Tuesday at the Argo hub near Chicago as congestion in Chicago and delays for shipments to the coasts continue to challenge the industry.
"Rail will likely be an issue for a while," asserted an ethanol broker this morning. "There's been some temporary relief here and there, but it's only going to get worse."
Rule 11 is a good barometer for rail issues, transportation sources said. Rule 11 for delivery to the east or west coasts was at a bid/ask spread of $2.16 to $2.22, a gain of 1.0cts on the day.
Myke Feinman can be reached at firstname.lastname@example.org.
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