Ethanol Blog

Spot ethanol prices in New York and Chicago were under selling pressure Tuesday on excess supply, low demand for prompt delivered products and a strong dollar.

"The Argo market is under pressure on the front end of the forward curve, but the back-end is still supported," said a trade source. Prompt Argo ethanol traded at $1.40 and $1.395 per gallon, down 0.5 cents. Chicago Rule 11 was talked at a $1.42 to $1.47 per gallon bid/ask. New York Harbor March barges talked 2.25 cents lower at a $1.48 to $1.495 per gallon bid/ask.

George Orwel can be reached at george.orwel@telventdtn.com.

(ES)

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