DTN Daily Ethanol Comments
Rick Kment DTN Analyst
Mon Apr 22, 2013 04:38 PM CDT

Ethanol futures posted moderate losses following sharp losses in new-crop corn futures on Monday. Although nearby corn futures seemed to bounce back from early pressure, double-digit losses were established through the new-crop futures markets. Ethanol futures slipped between 2 and 3 cents per gallon lower with May futures holding a 2.9-cent-per-gallon loss. This pushed the front-month contract to $2.459 a gallon, but still holding a 6-cent premium over the June futures market. The focus on lower corn prices has once again been the incentive for ethanol traders to back away from the futures market, and follow corn market shifts rather ...

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