DTN Daily Ethanol Comments
Rick Kment DTN Analyst
Mon Apr 29, 2013 04:19 PM CDT

Ethanol futures posted sharp gains Monday following active buyer interest which developed in the corn market. Additional planting delays sparked widespread and aggressive buying in the corn futures market. This pushed nearby corn prices to the 40-cent daily limit. The increased cost of production drew additional buyer support into the ethanol market. May futures closed at $2.571 per gallon, after an 11.2-cent-per-gallon rally. Other nearby contracts posted moderate gains of 6 to 7 cents a gallon. But there could be even more fireworks left to be seen in the corn market given the forecast for wet and cold weather through ...

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