Ethanol futures near five-week high
October 19, 2011
| admin
In Illinois, ethanol futures are at a five-week high as both inventories and production begin to fall. With production down to just 860,000 barrels per day, the lowest since the end of last year, traders are looking out for more supply. A train derailment in Illinois earlier this month only exacerbated supply issues while traders say there’s definite demand for deliveries to New York Harbor.
Category: Fuels