NEWS
DTN Daily Ethanol Comments
Rick Kment DTN Analyst
Wed Feb 27, 2013 04:32 PM CST

Ethanol futures closed lower Wednesday following the sharp losses in the RBOB gasoline market and lack of consistent support in the corn market. Nearby corn futures posted a 4-cent-per-bushel gain in March contract, but May futures increased only fractionally and all other contracts posted moderate losses. But the main focus in the ethanol market was seen due to the double-digit losses in RBOB gasoline prices. This narrowed the RBOB gasoline-to-ethanol price spread, and may cause longer-term pressure on ethanol demand if this price relationship continues to erode. March ethanol futures posted a 1.1-cent-per-gallon loss, closing at $2.385 a gallon Wednesday ...

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