Volumes for ethanol trade hit 20-year high

In Illinois, the ethanol prices reported by Platts have reached a 20-year high at 605,000 barrels. The increased volumes mirrors the increased volumes on Chicago ethanol swaps. About 300,000 barrels of the July volumes were based on the Chicago ITT Argo terminal basis for 5-15 days forward. A major spike on NY Harbor-based volume also occurred.