Ethanol advances with federal reserve stimulus, middle-east unrest

In Illinois, ethanol advanced after a week-long dry spell when the Federal Reserve announced they would be purchasing debt in another round of economic stimulus. Speculations have also hinged on the unrest in the Middle East and North Africa as investors raise concerns that oil shipments could be disrupted. Bloomberg reports that Denatured ethanol for October delivery rose 0.2 cents to $2.422/ gallon on the Chicago Board of Trade.

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