New York Harbor premium over Argo shrinks to lowest in 21 months

September 20, 2016 |

In Chicago, the premium for New York Harbor ethanol over Chicago Argo fell to its lowest in 21 months at 1 cent per gallon on Monday. With a shrinking premium, shipments of ethanol to the East Coast from the Midwest become less likely, indicating a supplied market. Chicago Argo prices, however, are hovering at two month highs thanks to increased export demand and strong domestic price support. On Monday, New York Harbor barges stood at $1.5550/gal.

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Category: Producer News

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