Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.

  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list

Argo ethanol reaches highest level in more than two years

Electricity | Energy | Electric Power | Emissions | Renewables

Global Energy Transition: What are the key drivers and hindrances?

Agriculture | Biofuels

Platts Biofuels Alert

Commodities | Agriculture | Biofuels | Sugar

Miami Sugar Conference, 6th Annual


Global thermal coal markets 'bottom out' as supply contracts: consultancy

Argo ethanol reaches highest level in more than two years

Houston — S&P Global Platts benchmark Chicago Argo ethanol assessment reached its highest level in more than two years Friday as feedstock prices continued to exert upward pressure on prices of the biofuel.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

Platts assessed Chicago Argo ethanol at $1.6075/gal, the highest level since reaching $1.6080/gal on April 25, 2017. Argo ethanol prices rose 13.6 cents on the week, and have risen 28.7 cents since May 15.

The extended rally has been powered by a surge in feedstock corn prices. Heavy, persistent rain has delayed corn planting in much of the US Midwest. Recent forecasts predicting more rains in the short-term mean that farmers may have to forego planting some of their acreage for good during the current crop year. In turn, the corn market has risen in response to worries about potential corn shortages.

Front-month CBOT futures contracts for corn, the primary feedstock for ethanol in the US, have risen 92.5 cents/bushel since May 14. On Friday, the front-month corn contract rose 11 cents to settle at $4.53/bu, the highest level since reaching $4.5625/bu on June 4, 2014.

The rally in corn prices also has whittled down ethanol crush margins. The crush margin, which indicates how much ethanol sells for against its production costs -- fell below zero on May 16, shortly after the spike corn prices began.

The margin dipped as low as minus 4.88 cents/gal in late May as ethanol prices struggled to keep up with higher corn prices. It has since risen, but remains below zero. On Friday, the crush margin was minus 1.04 cents/gal.

-- Wesley Swift,

-- Edited by Richard Rubin,