NEWS
Ethanol Blog
George Orwel DTN Energy Reporter
Fri Nov 22, 2013 10:31 AM CST

Supply shortages and rising demand continued to push spot ethanol prices higher early Friday ahead of the weekend, with prompt delivered ethanol at Argo hub near Chicago bid at a $2.90 per gallon two-month high, while November New York Harbor is pegged at a $3.00 per gallon two-year high.

Trade sources said values would climb further today, with Argo gaining for the 12th straight session. Midweek data showed supplies near a record low and trade sources said too many buyers were looking to meet short-term product needs while storage tanks in New York and Argo were nearly running dry.

Moreover, ...

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