Ethanol Blog
Rick Kment DTN Analyst

Monday 05/13/13

Ethanol Prices Surge Higher

Ethanol futures rallied higher following a very strong showing in the corn market. July corn futures are the center of attention in the corn market, which rallied 19 cents per gallon. This surge helped to draw additional trade back into the front-month ethanol complex.

July ethanol futures rallied 7.4 cents per gallon higher, to close at $2.68 a gallon. The focus in the ethanol market continues to be driven more by the shrinking inventory levels and rising demand than corn price shifts.

But the most recent shift in corn prices could help to draw even more price support into the ethanol complex. There will be a lot of focus put on the direction of the corn and ethanol markets over the next few days. Energy prices took a big price hit Monday, but so far this had very little implications to the nearby ethanol contracts.

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

Posted at 4:19PM CDT 05/13/13 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 Track Corn Futures Lower
  • 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