Argo ethanol premium falling for no real reason

October 2, 2017 |

In Illinois, the Argo premium over Chicago paper traded ethanol slipped last week, leaving the market unsettled with little clarity as to the shift in prices, despite recovering recently from lower prices in August when positions were swapped during front-month rolling. Ethanol production remains high but fell below 1 million barrels per day on average for the first time since June, but even though stocks fell as well, the premium is weakening for no real reason.

Category: Fuels

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