DTN Daily Ethanol Comments
Mary Kennedy DTN Basis Analyst
Fri Jun 6, 2014 04:34 PM CDT

Ethanol futures followed the corn market higher with traders saying the market was oversold. Demand is expected to pick up as the summer driving season ramps up, which was supportive to prices Friday. June closed at $2.155 per gallon, up 5.0 cents, and July traded up 4.9 cents at $2.073 per gallon.

Crude oil futures were higher after the market reacted optimistically to the U.S. Labor Department reporting Friday morning that U.S. hiring increased by 217,000 jobs in May, which was a large gain for the fourth straight month. The market feels that the growth will be positive for the ...

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