NEWS
DTN Daily Ethanol Comments
Mary Kennedy DTN Basis Analyst
Wed Jul 30, 2014 04:42 PM CDT

Ethanol futures came under pressure from the EIA reporting U.S. ethanol supply jumping to a near 17-month high for the week ending July 25. Supplies rose 700,000 barrels, with supply builds occurring along the East and Gulf coasts. The EIA also showed a small decrease in production from domestic ethanol plants, with blending demand moving to a three-week high. August closed at $2.13 per gallon, down 5.2 cents, and September was down 4.2 cents at $2.04 per gallon.

Crude oil futures moved higher mid-morning after the EIA reported a 3.7 million bbl decline in commercial crude stocks during the week ...

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