NEWS
DTN Daily Ethanol Comments
Rick Kment DTN Analyst
Mon Mar 18, 2013 03:37 PM CDT

Ethanol futures continue to gain support following the turnaround in the corn market Monday. Traders early in the session remained on the sidelines, until light-to-moderate buyer activity redeveloped in front-month corn futures. Late-day support erased early losses, and helped to solidify the idea that tight supplies in old-crop corn could continue to draw buyers back to the market. This pushed May futures 3 cents per bushel higher. April ethanol contracts posted a 0.2-cent-per-gallon boost moving prices to $2.631 a gallon. Other nearby contracts gained 1.5 to 3 cents per gallon based on potential support in both RBOB gasoline and corn ...

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