Argo ethanol highest in four months thanks to slowing production

In Illinois, Platts reports that ethanol production has finally begun to slow down while export demand remains steady for the moment, lending a bullish tone to the market that has led the Argo ethanol price to a four-month high of $1.4780/gal, the highest since October 2. December saw the highest volume of exports on record at 173.3 million gallons, 77% higher than December 2016 and nearly 62% higher than November 2017. Export demand is expected well into February before the Brazilian sugarcane crush kicks off sometime in March.