Cold weather pushes R11 rail premium to highest in more than a year

January 11, 2018 |

In Illinois, as cold weather continues to make transporting ethanol a challenge, Platts is reporting the premium for the R11 rail premium is at its highest against the Argo price in more than a year at $1.2750/gal Monday and higher again on Tuesday at $1.29/gal. Monday’s premium was 3.75 cents/gal. With the Illinois River almost frozen, halting barge traffic, getting product out of the Chicago region has become almost impossible. The premium for NY Harbor and NY Harbor barge continue to remain high as a result of the same weather challenges.

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