DTN Daily Ethanol Comments
Rick Kment DTN Analyst
Wed Aug 13, 2014 04:20 PM CDT

Ethanol futures posted sharp gains Wednesday following the latest EIA data seen as extremely bullish. Total ethanol inventory levels fell for the second consecutive week in a row at the end of last week, falling 2.7% from the week previous. This comes at a time when lower corn prices are helping to boost overall production levels, and seasonal demand pressure is expected to start developing. Front-month September futures led the surge higher, increasing 10.9 cents per gallon, closing at $2.18 a gallon. Other nearby contracts posted 7 to 9 cents per gallon higher but continue to hold a moderate discount ...

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