NEWS
DTN Daily Ethanol Comments
Rick Kment DTN Analyst
Wed Jul 3, 2013 02:59 PM CDT

Ethanol futures rallied higher Wednesday following strong reductions in ethanol inventory levels on the latest EIA report. The combination of lower production and eroding supply levels is creating more concern of market availability through the end of the year. Even though corn prices have slipped over the last week, the demand for corn remains strong and is supporting ethanol prices. Front-month July ethanol futures posted a 5.7 cent per gallon rally, closing at $2.467 a gallon. Other nearby contracts closed mostly higher with deferred futures slipping slightly in light pre-holiday trade.

RBOB gasoline futures continued to gain momentum through the ...

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