DTN Daily Ethanol Comments
Mary Kennedy DTN Basis Analyst
Thu Jun 5, 2014 04:35 PM CDT

Ethanol futures tried to recover Thursday, but lower cash prices and a lower corn market put pressure on prices. June closed at $2.105 per gallon, down 1.5 cents, and July traded almost unchanged at $2.024 per gallon. Rising ethanol stocks and slowing demand are causing the market to weaken.

Crude oil prices weakened even after the EIA reported a drop in stocks on Wednesday. But a hike in diesel supplies and other refined fuels put pressure on the market along with slack demand. Adding more pressure was a report from ADP showing that hiring in the U.S. slowed in May. ...

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