NEWS
DTN Daily Ethanol Comments
Rick Kment DTN Analyst
Wed Jul 2, 2014 04:50 PM CDT

Ethanol futures posted moderate to strong gains Wednesday despite falling gasoline and corn market prices midweek. The most significant support in the market came from the EIA report which showed ethanol stocks remaining stable from last week's levels. Although overall production increased and demand slipped slightly, traders were squarely focused on overall inventory levels that most expected to keep expanding through the near future. July ethanol futures posted a 3.3-cent-per-gallon gain, closing at $2.12 per gallon. August futures posted a 3.6-cent-per-gallon bounce as the July-to-August price spread remains just above 5 cents per gallon. Traders are looking for additional direction ...

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