NEWS
DTN Daily Ethanol Comments
Rick Kment DTN Analyst
Thu May 2, 2013 04:29 PM CDT

Ethanol futures posted sharp rallies in nearby contracts. The spot-month May contracts set new contract highs and rallied 11.4 cents per gallon Thursday afternoon. This pushed front-month futures to $2.713 a gallon. The combination between the 15-cent rally in corn market prices and sharp gains in the RBOB gasoline and crude prices led to the aggressive move higher. The price spread between the May and June futures reached nearly 20 cents per gallon, which continues to indicate a very tight supply situation as buyers aggressively focus on accessing immediate supply levels.

RBOB gasoline futures posted strong gains Thursday, following the ...

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