NEWS
DTN Daily Ethanol Comments
Rick Kment DTN Analyst
Wed Apr 24, 2013 04:29 PM CDT

Ethanol futures posted fractional gains in nearby contracts Wednesday following light gains in front-month corn futures. The May corn market posted a 1-cent-per-bushel gain, helping to draw buyers slowly back into the ethanol market. Deferred futures posted more aggressive support based on new-crop corn prices increasing 4 to 6 cents per bushel. The increased ethanol production and inventory levels had very little impact on overall nearby buying activity. But longer term, inventory levels could curb additional buying through the rest of the week.

RBOB gasoline futures regained support following the weekly EIA report which posted increased implied demand for gasoline ...

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