DTN Daily Ethanol Comments
Rick Kment DTN Analyst
Fri May 3, 2013 04:17 PM CDT

Ethanol futures closed mixed following very little additional direction in the corn market. May futures eroded slightly with end-of-the-week positioning the main order of business. May futures fell 1 cent per gallon, to $2.703 per gallon. Other nearby contracts posted a 2- to 4-cent-per-gallon gain, but the focus remains on continued movement in the corn market. Corn prices closed mixed to mostly lower with the majority of pressure seen in the new-crop corn futures. Front-month ethanol futures posted a 24.4-cent-per-gallon rally for the week. This created a strong uptrend in the market, which may cause traders to reassess current positions ...

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