Ethanol Blog

Thursday 01/03/13

Forecast for Stock Draw Lends Support for Ethanol Prices

Spot ethanol prices were flat to higher in a thinly-traded session Thursday, boosted by market expectations federal data would show a draw from U.S. ethanol inventories occurred last week.

Trade sources said the price upside for ethanol was curbed by a decline in corn futures. Ethanol inventory data will be released Friday morning by the Energy Information Administration.

George Orwel can be reached at george.orwel@telventdtn.com.

Posted at 6:45PM CST 01/03/13
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