NEWS
DTN Daily Ethanol Comments
Rick Kment DTN Analyst
Wed May 1, 2013 04:13 PM CDT

Ethanol futures moved higher Wednesday despite pressure in nearly all surrounding commodity markets. The focus of traders was the decrease in overall ethanol stocks at the end of last week. The EIA data released Wednesday reduced overall stock levels 3.2% from week-ago levels. This indicates an aggressive draw-down in supplies heading into the month of May.

This could add to additional strong ethanol support if supplies continue to erode over the next two months. May futures gained 1.7 cent per gallon, to close at $2.599 a gallon. Corn prices were weak through the session, driven by lack of support through ...

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