Spot ethanol prices at the Kinder Morgan-operated Argo terminal near Chicago traded sharply higher early Tuesday amid fresh worries about tightening supply.
Ethanol for transfer today and tomorrow at Argo traded at $2.25, $2.30 and $2.35 per gallon, up 13.5 cents on the day.
"We are in the middle of (plant) shutdown season and tomorrow's production numbers should send the market screaming," said a broker, who added that Argo tanks are "empty again."
George Orwel can be reached at firstname.lastname@example.org
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