Ethanol Blog
Argo Spot Ethanol Slumps on Talk of Excess Supply
By
George Orwel
Spot ethanol prices plummeted in early trade Tuesday amid talk of rising supply and soft demand. Near-term transfer Argo ethanol traded at $1.47 per gallon, down 7.5 cents and a three-month low, while any January prices traded at $1.50 per gallon. Chicago ethanol traded under Rule 11 changed hands at $1.47 and $1.45 per gallon for a 14-cents loss.
George Orwel can be reached at george.orwel@telventdtn.com
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