NEWS
DTN Daily Ethanol Comments
Rick Kment DTN Analyst
Thu Feb 21, 2013 03:49 PM CST

Ethanol futures slipped lower in light trade following additional strong pressure in the corn and RBOB gasoline market. Front-month March futures fell 1.5 cents per gallon, closing at $2.35 a gallon. Other nearby contracts lost 1.8 to 2.5 cents per gallon. The lack of support in the corn market Thursday as well as continued pressure in the energy complex, is increasing the pressure on the ethanol market. The fact that ethanol production at the end of last week increased for the third straight week in a row, may add increased pressure to prices as supplies may not continue to tighten.

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