Spot ethanol prices traded higher along the West Coast, with gains driven by short covering and a lack of adequate railcar supply.
Elsewhere in the country however, the ethanol market continued to be pressured by bearish sentiment that has plagued commodities. "I think railcar manifest are short as well," said a trader of the West Coast market.
Prompt ethanol barges in Northern California traded at $2.00 per gallon for a 4.0 cents gain, while spot Arizona ethanol was bid at $2.00 per gallon, up 4.0 cents on the day.
George Orwel can be reached at email@example.com
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