NEWS
DTN Daily Ethanol Comments
Rick Kment DTN Analyst
Wed Jul 17, 2013 03:09 PM CDT

Ethanol futures slipped lower on Wednesday following the combination of additional pressure in corn prices as well as the expectation that building ethanol stocks at the end of last week is indicating a drop in overall demand for ethanol through the last half of the summer. August ethanol future fell 3.1 cents per gallon, closing at $2.526 a gallon. The 6- to 7-cent-per-bushel reduction in corn prices is driven by favorable weather conditions. Moderate pressure was seen through the entire ethanol complex, but the focus of most commercial trade activity is on short-term summer demand and the potential for additional ...

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