New York area spot ethanol prices edged higher on export demand while Chicago area prices eased on excess regional supply. "Lots of ethanol cargoes are being staged for export," said a trade source, explaining why prices for New York Harbor are higher. "Argo staying down because Shell is selling ... [They are selling] because they have it and don't need it." Prompt Argo ethanol traded at $1.64 for a 1.5cts loss while October New York Harbor traded at $1.85 gallon for a 5.0cts gain.
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