NEWS
DTN Daily Ethanol Comments
Mary Kennedy DTN Basis Analyst
Thu Jul 31, 2014 04:41 PM CDT

Ethanol futures continue to come under pressure from higher supplies as demand softens. Lower RBOB and corn futures didn't help and added pressure to ethanol prices. August closed at $2.094 per gallon, down 3.9 cents, and September was down 4.8 cents at $1.993 per gallon.

Crude oil futures moved sharply lower as the increase in supplies and decreasing demand has continued to put heavy pressure on the market. The Labor Department report Thursday morning which showed an increase in claims for unemployment of 23,000 for the week ending July 26 also pressured the market. The market obviously has little reaction ...

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