NEWS
DTN Daily Ethanol Comments
Rick Kment DTN Analyst
Mon Jun 30, 2014 04:59 PM CDT

Ethanol futures posted moderate to sharp losses Monday following double-digit losses in corn futures. The USDA crop report released Monday was viewed as bearish for the corn market, which pushed nearby corn prices 18 to 23 cents per bushel lower. Traders are looking for additional direction from outside markets, but little support was seen in the energy complex either Monday. July futures fell 3.1 cents per gallon, closing at $2.098 a gallon. Losses in other nearby contracts were uneven, ranging from 1.7 to 4.2 cents per gallon. Trade is expected to remain under pressure early in the week as traders ...

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