Spot ethanol prices across the nation's major regional trade hubs traded lower Monday amid easing supply worries and pressure from falling corn futures market.
A source said product deliveries are being made after last week's logistical problems were sorted out over the weekend. Prompt ethanol at the Argo hub was bid at $2.26 per gallon and any August prices traded twice at $2.26 and $2.245 per gallon, last talked at a $2.23 to $2.25 per gallon bid/ask spread, down 5 cents. Today delivered ethanol barge at the New York Harbor was offered at $2.26 per gallon while September barges were talked at a $2.21 to $2.23 per gallon bid/ask, down 4.0 cents.
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