Chicago Argo ethanol prices hit one-month high on export demand

August 22, 2016 |

In Illinois, Chicago Argo ethanol prices reached a one-month high last Friday at $1.4875, up 2.7 cents from the previous day, thanks to continued export demand, especially from Northeast Brazil. Asian destinations including China could become demand centers later on in the year as demand in Brazil wanes off following the start-up of the northeast’s sugarcane crush. China has already been the destination for more than 30% of this year’s US ethanol exports so far.

Category: Fuels

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