Ethanol Blog
George Orwel DTN Energy Reporter

Monday 04/01/13

Spot Ethanol Prices Pressured by Bearish Corn Market

Spot ethanol prices slide further early Monday under pressure from an extended selloff for corn futures after a government report late last week raised estimates for corn stocks above analysts' forecasts, with ethanol delivered at Argo near Chicago down 9 cents at $2.36 gallon. "This is just an expected follow-through from Thursday's stock numbers," said a broker. "The market needs to find a bottom, and it might find it after today's liquidation."

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

Posted at 1:50PM CDT 04/01/13 by George Orwel
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