Ethanol Blog

U.S. spot ethanol prices were higher midday Tuesday after the three-day Memorial Day weekend, lifted by advancing Chicago Board of Trade corn futures. "I think ethanol is just moving up with corn market today," Tomm Pfitzenmaier, analyst for Summit Commodities of Des Moines, Iowa, said this morning. "I suppose the fact that the stock the market's up and crude oil is up is probably helping too."

Another trade source agreed. "Yeah, corn's pushing everything up," he said.

Chicago spot ethanol was talked 1.75cts higher at $2.6375 gallon early Tuesday. On the East Coast, June barge delivered ethanol at the New York Harbor traded at $2.73 gallon, up 2.0cts.

Myke Feinman can be reached at myke.feinman@telventdtn.com.

(CZ)

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