U.S. spot ethanol prices were mixed Thursday, with limited railcar capacity to deliver the product causing supply shortages along the nation's West, Gulf and East coasts.
In contrast, Chicago spot prices eased on lower CME corn futures and a backlog of undelivered supply in Midwest terminals.
"Destination markets are super tight," said one trader. "Poor rail service is still (the) main culprit."
Prompt ethanol at Argo traded at $2.15 per gallon after being talked at a $2.17 to $2.20 per gallon bid/ask, with prompt New York Harbor barge talked at a $3.00 to $3.05 per gallon bid/ask, up 2.5 cents. ...