NEWS
DTN Daily Ethanol Comments
Rick Kment DTN Analyst
Fri Nov 16, 2012 04:03 PM CST

Ethanol futures bounced higher at the end of the session following a rally in corn futures. Traders reacted to the EPA announcement that the Renewable Fuels Standard waiver has been denied. This will not allow ethanol regulations to be changed, and is positive for both corn and ethanol markets. Corn futures moved from a 10-cent loss before the news was released, to a 5-cent gain at closing bell. The higher cost of production coming from the corn market sparked price gains in the ethanol futures of 1.6 to 2 cents per gallon. Front-month ethanol futures closed at $3.351 per gallon ...

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