Ethanol Blog

Monday 01/14/13

Spot Prices Bolstered by Stronger Corn Market

Spot ethanol prices were discussed higher this morning, extending Friday's gains on the back of an ongoing rally for Chicago Board of Trade corn futures after a federal report showed corn supplies tighter than analysts had expected.

The Department of Agriculture's January WASDE report, which was released Friday, lowered estimates for corn supply, pegging U.S. stocks at 8.0 billion bushels, while raising domestic demand prospects.

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

Posted at 12:01PM CST 01/14/13
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