DTN Daily Ethanol Comments
Rick Kment DTN Analyst
Mon Jun 2, 2014 03:58 PM CDT

Ethanol futures faded Monday with moderate losses seen in nearby and deferred contracts. Front-month June futures drew the most pressure from sellers. Although some moderate support is still expected through nearby contracts, the ability to build ethanol production over the next several weeks could limit additional inventory reductions and add some stability to the market. June futures closed at $2.33 per gallon, down 3.5 cents per gallon. Other contracts were contained to a tight trading range of 2.3 to 2.6 cents per gallon.

RBOB gasoline futures opened the week lower with nearby contracts falling 1.2 to 2.2 cents per gallon. ...

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