Spot ethanol prices traded higher in Chicago area on technical support, renewed export demand and gains for gasoline and corn markets. "Friday (9/26) was the bottom...we rally from here [out]," said a trade source. "Exports should be massive this week, with a bunch of product loading and finally the staged product should come out." Prompt Argo ethanol traded at $1.60 and $1.59 gallon, up 1.5cts. Chicago ethanol under Rule 11 for ethanol for this week transit to the East Coast and Gulf Coast traded at $1.57 gallon.
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