The direction of the ethanol and corn futures markets took separate paths as traders returned to the market Tuesday following the long holiday weekend.
Growing corn demand uncertainty and potential upcoming winter storm system developing across the Midwest has corn traders looking for protection.
Following a very dry fall and winter, the hope of significant snowfall creates expectations that drought conditions may ease in the near future. But this may be somewhat premature and based on momentum rather than actual ground moisture levels.
With corn prices still unable to draw buyer support Tuesday, the ethanol market posted moderate gains based ...