Spot ethanol prices were mixed in early trade Tuesday as traders weighed higher gasoline prices against lower corn prices, but the biggest surprise was a 10 cents spike in promptly delivered ethanol to Tampa, Fla., where a trade was reported done at $2.40 per gallon.
The increase is underpinned by a lack of adequate supply in the Southeast, sources said. The market is awaiting weekly federal ethanol supply data due out tomorrow midmorning.
George Orwel can be reached at firstname.lastname@example.org.
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