Ethanol Blog
Rick Kment DTN Analyst

Friday 12/14/12

Ethanol Closed Higher Friday

Ethanol futures closed fractionally higher in the January futures contract Friday afternoon. The light buying interest returned to the market following a 10-cent gain in the March corn futures.

Although the market ended on a positive note Friday with a 0.8-cent-per-gallon gain, it was too little, too late to make much of an impact following significant pressure through the rest of the week.

Friday marked the first time in the last seven sessions where front-month contracts prices moved in a positive direction. January futures closed at $2.298 a gallon, but have fallen 7.7 cents per gallon through the week and have fallen nearly 11 cents per gallon in the month of December.

Additional concerns about corn price direction and the overall surging ethanol inventory situation continue to keep traders unwilling to aggressively step back into the market.

Rick Kment can be reached at

Posted at 4:16PM CST 12/14/12 by Rick Kment
Post a Blog Comment:
Your Comment:
DTN reserves the right to delete comments posted to any of our blogs and forums, for reasons including profanity, libel, irrelevant personal attacks and advertisements.
Blog Home Pages
April  2015
         1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30      
Subscribe to Ethanol Blog RSS
Recent Blog Posts
  • Argo, PNW Spot Ethanol Prices Nudge Higher in Thin Trade
  • An Economic Case for Ethanol
  • Spot Ethanol Gains at Argo, Steady in New York Harbor
  • Grains Council Works to Open Cuban Markets
  • Ethanol Production Sliding Lower
  • Spot Ethanol Advances After Bullish Weekly Supply Report
  • D6 RINs Extend Higher; Spot Ethanol Prices Flat
  • D6 RINs Edge Higher While Spot Ethanol Prices Ease
  • Corn Prices Remain Range Bound
  • DDGS Rise to Highest Level in Five Months
  • Spot Ethanol Prices Weaken Amid Sluggish Demand
  • Gasoline Stocks Change Direction
  • Spot Ethanol Prices Mostly Flat in Lackluster Trade
  • Spring Buying in the Air
  • DDG Prices Rise Slightly in Slow Week of Trade
  • Ethanol Drawing From Strong Gasoline Demand
  • Grains Council Targets Caribbean Markets
  • Spot Ethanol Prices Mixed in Thin Trade
  • April 1st Buying Frenzy on Supply Reductions
  • Bullish EIA Supply Report Spurs Rally for Ethanol Prices