NEWS
Ethanol Blog
Rick Kment DTN Analyst
Fri Jan 10, 2014 04:34 PM CST

Corn futures posted strong gains Friday following tighter-than-expected stocks in the USDA report released during the morning. This is attributed to lighter production estimates, limiting the amount of corn available to the market. March corn futures posted a 21-cent-per-bushel rally during the session.

Although this is a far cry from a limit move in the complex, it is significant.

First of all, this rally comes one day after March contracts posted a contract low of $4.12 per bushel. This quickly pushed prices to a 2014 high and the highest level seen since Dec. 24.

But more significant is the fact ...

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