NEWS
Ethanol Blog
George Orwel DTN Energy Reporter
Tue Nov 26, 2013 10:54 AM CST

Spot ethanol prices moved lower for a second day Tuesday, plunging as much as 9cts at most hubs as profit-taking continued, with losses for corn futures also weighing down ethanol prices.

"It was overdone [last week]," said a broker, speaking of a short squeeze that spiked values.

Chicago Mercantile Exchange corn futures fell on expectations that higher production in South America would ease global corn supply concerns, allowing more U.S. corn to be used for making ethanol.

New York Harbor barged December ethanol traded at $2.42 per gallon, down 3cts on the day, while November barged Harbor ethanol was pegged ...

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