Ethanol Blog
Rick Kment DTN Analyst

Wednesday 08/20/14

Ethanol Futures Supported Despite Growing Stocks

The newest information coming from the Energy Information Administration posted overall ethanol inventory levels climbing to a three-week high, while overall production of ethanol also continued to be expanded at the end of last week.

While there was increased supplies and growing production, which will likely keep supplies readily available over the near future, demand for ethanol continues to slip. The lack of overall blending of ethanol is somewhat a concern just two weeks away from the Labor Day weekend.

Another bounce is expected through the end of August as additional back-to-school trips, and holiday weekend travel plans take shape for many consumers. Total inventory levels are currently 2.8% ahead of the previous week, and nearly 11% over year-ago levels. But the news did very little to upset the overall ethanol price as traders closely followed the midweek support in energy markets Wednesday.

Some additional market shifts may be seen during the next two trading sessions due to prices only able to post narrow gains.

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

(ES)

Posted at 4:21PM CDT 08/20/14 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
June  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
  • Energy Pressure Follows Weaker Stock Market
  • Argo, NYH Spot Ethanol Edge Lower With Corn, RBOB Futures
  • DDG Price Decline Slows Amid Sluggish Trade
  • Argo, NYH Spot Ethanol Trade Higher on Corn Futures Rally
  • Spot Ethanol Price Gains Backed by Corn Futures Rally
  • Grains Council Educates Japanese Swine Producers on DDGS
  • Uncertainty Seen in Ethanol Market Direction
  • Spot Ethanol Prices Higher on Falling Ethanol Stocks
  • Corn Rally Draws Ethanol Support
  • Spot Ethanol Prices Track Corn Futures Higher
  • Chinese Trade Disruptions Result in DDG Price Plunge
  • Ethanol Futures Close Week Higher
  • Conference: Aquaculture Must Diversify Feed Ingredients
  • Spot Ethanol Prices Soften on Rising Supply
  • Spot Ethanol Prices Mixed on Weekly EIA Supply Data
  • New York Spot Ethanol Biggest Gainer as Market Rebounds
  • China Rumors Worry DDG Market
  • Ethanol Futures Follow Outside Markets Lower
  • Argo, NYH Spot Ethanol Trade Lower on Rising Production
  • Spot Ethanol Values Pressured by Bearish Federal Data