The increasingly stagnant US ethanol market is getting downright weird. Remember the first four months of 2014 when wild volatility was rampant and almost expected in the market?
With the benchmark Platts Chicago Argo ethanol assessment, we hit a 2014 low of $1.78/gal one quiet January day. Throw some ice and railroad logistics issues into the mix, and that price more than doubled in a matter of two months, hitting an eight-year high of $3.76/gal on March 31.
That seems like such a long time ago now.