NEWS
DTN Daily Ethanol Comments
Rick Kment DTN Analyst
Wed Jun 5, 2013 04:16 PM CDT

Ethanol futures posted moderate to sharp losses Wednesday as traders focused more on new-crop corn futures rather than the July contract month. July corn futures posted fractional gains, but the September and December contracts closed with double-digit losses. The lack of support in the new-crop corn market is clearly evident and is gaining the attention of ethanol traders. All nearby ethanol contracts posted losses of 2 to 2.7 cents per gallon. June futures closed at $2.658 a gallon, down 2.2 cents per gallon. The announcement by the EIA that ethanol stocks have rebounded over the last week also created additional ...

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