Ethanol markets posted light trade through most of the week leading up to Thanksgiving and the holiday weekend.
The rack price seems to be the market that has had the least amount of volatility and price movement over the last week. The national average rack price increased 0.54 cents per gallon at the end of the week, but has been trading in a sideways pattern all week.
The main focus of the rack ethanol market continues to be the direction of the corn market. With corn prices bouncing back and forth during the last few days within a single digit range, traders are once again focused on increased stability through the market rather than trying to adjust to changing production costs.
Movement of ethanol at the rack market is expected to have increased over the last week, due to holiday driving activity, but this has had very little effect in the direction of the market.
Rick Kment can be reached at firstname.lastname@example.org
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