NEWS
Ethanol Blog
George Orwel DTN Energy Reporter
Mon Aug 26, 2013 11:41 AM CDT

Spot ethanol prices at Argo and New York Harbor trade hubs surged roughly 10 cents in early trade Monday as supply fears combined with a rally by Chicago Mercantile Exchange corn futures to spur short covering ahead of the Labor Day holiday weekend.

This week transfer Argo ethanol was seen at a $2.64 to $2.68 per gallon bid/ask spread, while prompt New York Harbor ethanol barge was seen at a $2.80 to $2.81 per gallon bid/ask spread.

"Corn is being lifted by the weather and soybeans and ethanol is just keeping pace again," said a trader. "There might also be ...

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