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S&P Global Platts proposed changing its assessment for the Chicago ethanol price to include barge, rail and truck deliveries at the Argo hub, not only storage tank trades. It also plans to limit how quickly bids and offers can change during the assessment window.
A comment period runs until March 30.
A broader benchmark could make ethanol pricing harder to manipulate and more reflective of physical trade. Changes to the benchmark could affect ethanol-linked contracts and co-product pricing.
brecorder.comShoaib Ur Rehman | ReutersFeb 21, 2019Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
