NEWS
DTN Daily Ethanol Comments
Rick Kment DTN Analyst
Thu Feb 28, 2013 04:13 PM CST

Ethanol futures bounced higher following the strong support in corn prices at the end of the month. Additional commercial support is stepping into the corn futures market over the last couple of days with front-month March contracts posting a 10-cent-per-gallon rally. The focus in the grain complex is causing many ethanol traders to take a closer look at the moves in the corn market. The expectation that ethanol prices will once again move with corn markets is helping to fuel buying at the end of the month. March futures closed at $2.40 a gallon, after a 2-cent-per-gallon rally Thursday afternoon.

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