NEWS
DTN Daily Ethanol Comments
Rick Kment DTN Analyst
Wed May 15, 2013 05:08 PM CDT

Ethanol futures posted moderate losses in nearby contracts following additional pressure in the corn market. Although front-month July corn futures posted a 1-cent-per-bushel loss, new-crop contracts slipped 6 cents per bushel, which eroded support in the ethanol market. June and July ethanol contracts were most aggressively hit with June futures falling 1.7 cents per gallon, closing at $2.636 a gallon with July futures leading the market lower with a 2.2-cent-per-gallon loss. July contracts closed at $2.521 a gallon, increasing the spot market premium on expected demand for short-term product. The continued reduction of ethanol stocks at the end of last ...

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