Ethanol Blog
Rick Kment DTN Analyst

Wednesday 04/24/13

Ethanol Supported on Corn Stability

After ethanol futures fell nearly 6 cents per gallon early in the week, the fractional gain seen Wednesday is considered a win for the market. The moderate gains in the corn market seen early in the session slowly eroded with May futures closing 1 cent higher. Ethanol production was 882,000 gallons per day at the end of last week compared to the week prior. Total ethanol inventory levels also grew.

This pushed stocks 4.2 million gallons higher than week-ago levels. But with all of this, traders are still looking for firmer demand support over the coming weeks and months. The bounce in gasoline demand and reduced stocks levels across the gasoline market seem to be helping to solidify the idea that buyers are gearing up for what could be a moderately active summer.

This is likely to help increase overall ethanol disappearance over the next several weeks.

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

Posted at 4:44PM CDT 04/24/13 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