NEWS
DTN Daily Ethanol Comments
Rick Kment DTN Analyst
Wed Jun 19, 2013 04:41 PM CDT

Ethanol futures closed mixed with nearby contracts slipping lower following increased ethanol inventory levels at the end of last week. The most recent EIA report showed that ethanol inventory levels increased 2.9% at the end of last week. This regained the loss seen last week. Front-month ethanol futures fell 2.6 cents per gallon, closing at $2.474 a gallon. Deferred ethanol futures focused more on the support in the corn market and less on short-term supply shifts. This pushed prices 1.9 to 2.6 cents higher through the end of the year with the focus in these contracts based on production costs.

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