# Chicago Argo ethanol prices edge towards six-month high thanks to shrinking stocks and exports  : The Daily Digest

> Chicago Argo ethanol edged close to a six-month high at $1.71 per gallon on Monday, December 5. Stocks fell by more than half a million barrels in the prior week, and November and likely December exports averaged about 90,000 barrels per day. Corn futures rose to $3.495 per bushel.

- Date: 2016-12-06 · published 2016-12-06T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/73462-chicago-argo-ethanol-prices-edge-towards-six-month-high-thanks-to-shrinking
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Tighter ethanol stocks and steady exports support ethanol prices and corn demand, with limited direct impact on feed prices.

## Read by commodity

- CORN: neutral

## Sources

- biofuelsdigest.com: https://biofuelsdigest.com/chicago-argo-ethanol-prices-edge-towards-six-month-high-thanks-to-shrinking-stocks-and-exports/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.