DTN Daily Ethanol Comments
Rick Kment DTN Analyst
Thu Jun 26, 2014 04:30 PM CDT

Ethanol futures gained additional support Thursday with follow-through buying focusing on the reduced production seen last week. Traders seemed to look past weekly inventory levels, although the focus on ethanol production dropping back from record levels is a longer-term indicator of the rest of the summer that production may not continue to advance. This could help to keep the supply and demand balance in check through the upcoming weeks. July futures bounced 5 cents per gallon higher, closing at $2.122 a gallon. Traders in other nearby and deferred contracts also quickly stepped into the market, raising prices 2 to 4 ...

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