Ethanol Blog
Rick Kment DTN Analyst

Tuesday 03/05/13

Markets Rally on Widespread Optimism

With the exception of livestock futures markets, it was pretty hard to find a market that did not move strongly higher and look aggressively positive on Tuesday.

The surge higher in most markets came as the Dow Jones Industrial index, moved to new all-time highs. The shift higher seemed to be the main focus of the news stories, but the solid and sometimes aggressive moves in many of the other markets seemed to be overlooked.

This push higher, moved past the 2007 high in the Dow Jones for the first time as some market watchers are now looking for new peaks to climb. This is especially significant following the battle back from the recessionary lows over the last few years.

In all the hype, corn prices rallied 9 cents higher, and solid gains quickly developed in the ethanol and energy markets.

Setting new stock market highs, is important, but what comes next in maintaining the support may be the harder achievement to accomplish. This could also have a significant impact in the ethanol and energy markets. It is going to be hard to maintain the positive momentum over the next several months despite any moves or connection to the stock market.

So with all of the hype and celebrating that seems to be surrounding this move, the hard work of building on this move is just starting.

Rick Kment can be reached at rick.kment@telventdtn.com

Posted at 4:20PM CST 03/05/13 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
S M T W T F S
         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
  • Spot Ethanol Prices Retreat on Profit-Taking
  • DDG Prices Drop as Barge Freight Falls
  • West Coast Spot Ethanol Prices Spike on Short Squeeze
  • Spot Ethanol Prices Pressured by Bearish EIA Data
  • DDGS Play Vital Role in Nebraska Ethanol Impact
  • Spot Ethanol Prices Flat to Up as Supply Data Eyed
  • 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