NEWS
DTN Daily Ethanol Comments
Rick Kment DTN Analyst
Wed Apr 10, 2013 04:29 PM CDT

Ethanol futures posted sharp losses Wednesday following volatility in the corn market and growing ethanol inventory levels. The release of the USDA supply and demand report sparked widespread gains and losses through the session, although corn futures closed 4 cents per bushel higher. But the main pressure in the ethanol market came following the release of the EIA weekly report. Ethanol production grew steadily in the first week of April and ethanol stocks increased 1.8% at the end of last week. This quickly eroded the perception that ethanol supplies were going to continue to quickly tighten, and allowed for 3- ...

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