Ethanol Blog
Rick Kment DTN Analyst

Friday 08/09/13

Ethanol Futures Settle Lower for the Week

Across all ethanol contracts, moderate to strong losses developed through the first full week of August.

September ethanol futures closed at $2.145 per gallon after losing 4 cents per gallon for the week. Other nearby contracts, which were unable find the short-term support last week similar to the front-month contracts, continued to trend lower for the week. All but front-month September futures are trading below the $2 per gallon range.

This recent pressure associated with corn futures prices nearing the $4.50 per bushel level in December contracts is posting contract lows in all but front-month September contracts.

It is uncertain just how much support will remain in the ethanol market once the premium for summer demand evaporates. The 25-cent price discount seen between the September and October futures may continue to create market uncertainty through the next couple of months. There is a lot of focus being put on the movement of the corn market surrounding the USDA report Monday. This could add additional volatility to the market.

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

(ES)

Posted at 4:02PM CDT 08/09/13 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
  • 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
  • DDG Prices Rise Slightly in Slow Week of Trade
  • Ethanol Drawing From Strong Gasoline Demand
  • Grains Council Targets Caribbean Markets
  • Spot Ethanol Prices Mixed in Thin Trade
  • April 1st Buying Frenzy on Supply Reductions
  • Bullish EIA Supply Report Spurs Rally for Ethanol Prices
  • Spot Ethanol Prices Moved Mixed After USDA Report