Ethanol Blog
Chicago Area Spot Ethanol Prices Boosted Early by Exports
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.
George Orwel can be reached at george.orwel@telventdtn.com
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