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Severe supply issues rock US ethanol prices

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Listen: Severe supply issues rock US ethanol prices

Most Platts US ethanol assessments are at their highest levels in nearly eight years, including Chicago Argo ethanol trading over $3/gal and New York Harbor ethanol over $4/gal. The wild rally is directly related to a severe strain on stocks, caused by delayed rail returns to plants and reduced run rates. Platts Agriculture Editor Jordan Godwin and Senior Pricing Analyst Shameek Ghosh discuss how the supply issues could be eased ahead of the summer driving season, and where buyers will look next to find product as prices reach a boiling point.

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