Spot ethanol prices were flat to slightly higher in early trade Tuesday ahead of weekly inventory data by the Energy Information Administration that's expected to show a supply drawdown while demand is expected to have risen in the week-ended April 17.
Prompt delivered ethanol at the Argo supply hub near Chicago was talked at a $1.60 to $1.62 per gallon bid/ask spread, up 0.5 cents. An April-delivered cargo in Phoenix, Ariz., traded at $1.75 per gallon, unchanged for the day. New York Harbor ethanol barges were pegged flat at $1.69 per gallon.
George Orwel can be reached at firstname.lastname@example.org