US ethanol prices reversed course on a historic three-day tumble Friday as demand for prompt material rebounded significantly. Chicago Argo ethanol was assessed 20.5 cents higher at $3.01/gal, recovering a portion of value lost in the previous three sessions. Beginning Tuesday when buyers positioned themselves ahead of weekly production data that sent an extremely bearish sentiment throughout the market, the assessment plunged 95.5 cents in three sessions. “This week was a wild ride,” one broker said. “No one had seen something like the movements on Wednesday and Thursday since the infancy of this industry in 2006.” Article continues below… Request a free trial of: Biofuelscan Platts Biofuelscan is a daily report, covering the latest worldwide biofuel news and prices. It provides a daily summary of market events and developments, along with closing market price assessments from the Americas, Europe, and Asia. Platts Biofuelscan includes […]