This week's selloff triggered by weakening demand and excess supply continued Friday with the help of falling corn and RBOB futures, with August ethanol barge at the New York Harbor talked 2.5 cents lower at a $2.15 to $2.19 per gallon bid/ask spread.
Prompt transfer ethanol at the Argo terminal near Chicago changed hands at $2.07 per gallon, down 1.5 cents. Trade sources highlighted federal data released midweek showing U.S. ethanol supply jumped 700,000 bbl to an 18.6 million bbl nearly 17-month high during the week-ended July 25.
George Orwel can be reached at email@example.com
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