DTN Daily Ethanol Comments
Rick Kment DTN Analyst
Mon May 13, 2013 04:43 PM CDT

Ethanol futures posted strong early week gains following the surge in the corn futures market. July corn futures posted a 19-cent-per-bushel rally Monday as active buyer interest was evident through the entire trading session. Ethanol traders overlooked moderate to strong pressure in the RBOB gasoline market, and responded to higher production costs with a 7.4-cent-per-gallon rally in the July contracts. Other nearby contracts were less aggressive due to the focus on spot month contracts. Traders are looking for additional inventory decreases through the week as demand continues to climb in front of Memorial Day.

RBOB gasoline futures posted moderate to ...

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