NEWS
DTN Daily Ethanol Comments
Rick Kment DTN Analyst
Mon Nov 12, 2012 04:42 PM CST

Ethanol futures tumbled lower following the sharp losses in the corn market Monday. Despite the fact that it was a federal holiday, sharp losses developed across the grain complex, leading to aggressive losses in the corn market. This accounted for a 20-cent slide in front-month December futures. With no significant outside market movement available to offset the lower corn prices, ethanol traders followed the market lower, with front-month futures posting a 5.4-cent-per-gallon loss, and closing at $2.327 a gallon. The lack of support in the ethanol market is not surprising given the uncertainty of the grain complex, and lack of ...

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