DTN Daily Ethanol Comments
Rick Kment DTN Analyst
Mon Jun 23, 2014 04:04 PM CDT

Ethanol futures closed mixed in an extremely narrow trading range following moderate to strong pressure in corn market Monday as well as additional pressure developing across the energy complex. July ethanol futures posted a 0.8-cent-per-gallon loss, closing at $2.074 a gallon. Traders still seem to focus on the potential for additional longer-term demand in the market, but for now, most traders are unwilling to move contrary to both corn and ethanol markets. The October contract posted a fractional gain, but this seems to be more based on narrowing margins between nearby and deferred futures rather than traders looking for fundamental ...

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