Ethanol Blog
Rick Kment DTN Analyst
Fri Nov 8, 2013 04:17 PM CST

Ethanol futures quickly responded to tighter corn supply numbers in the USDA report today. This helped to draw additional support into corn futures which closed 6 to 7 cents per bushel higher. Traders are looking for additional potential support early next week which could draw additional interest back into the market.

Ethanol prices rallied 6.7 cents per gallon higher during the last two trading sessions. This abrupt and aggressive shift in price has started to affect the market tone. Additional moderate gains through the first part of next week could move through initial resistance levels in October, and draw additional ...

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