Platts introduces Chicago (Rule 11) ethanol assessment

Platts will assess the Rule 11 Chicago ethanol market.

The assessment would be Chicago basis and reflect transactions 5-15 days from date of publication, for minimum five railcar lots amounting to 145,000 gallons.

"Rule 11" is a railroad accounting term that refers to a customer shipping their freight "pre-paid" to an intermediate point and "collecting" beyond that intermediate point to the final destination.

Launch date is scheduled for September 1, 2011.

The daily assessment will be published in Refiner, US Marketscan, Oilgram Price Report (OPR) and on PGA page 597.

Monthly averages will commence on October 1, 2011, for September 2011 averages and will be published in Platts Monthly Price Average Supplement.

MDC Symbol Bates Dec Freq Curr UOM Description FS AAVWD00 hl 2 DW USC GAL Ethanol FOB Chicago Rail FS AAVWD03 hlc 2 MA USC GAL Ethanol FOB Chicago Rail MAvg