DTN Daily Ethanol Comments
Mary Kennedy DTN Basis Analyst
Thu Jun 13, 2013 04:50 PM CDT

Ethanol futures closed higher than corn in the front three months in very limited trade for the day. Corn futures have yet to recover from the USDA report estimation of new-crop ending stocks of 1.949 billion bushels, versus trade expectations of 1.795 billion bushels. Old-crop corn futures were down 7 1/4 cents to $6.43 1/2 per bushel, and new-crop corn futures were down nearly 2 1/4 cents at $5.35 1/4. Front-month July ethanol futures were up 3 cents per gallon to $2.461 per gallon. August ethanol futures closed up 3 cents per gallon to $2.374 and September ethanol closed up ...

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