NEWS
DTN Daily Ethanol Comments
Rick Kment DTN Analyst
Tue May 7, 2013 04:51 PM CDT

Ethanol futures posted sharp gains Tuesday following a bounce higher in the corn market and traders focusing on potential demand growth through the upcoming weeks and months. July corn futures posted a 3-cent-per-bushel rally, but this was nothing compared to the 3- to 5-cent gains seen through nearby ethanol contracts. June futures led the market higher, closing at $2.573 a gallon after a 5.2-cent-per-gallon surge.

RBOB gasoline futures slipped lower as buyers who quickly jumped into the market on Monday started to readjust their positions. The largest impact was seen in front-month June futures which closed at $2.8334 a gallon, ...

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