NEWS
DTN Daily Ethanol Comments
Rick Kment DTN Analyst
Fri Jul 19, 2013 03:36 PM CDT

Ethanol futures continue to erode late in the week with more and more focus being put on the potential that the supply tightness seen through early summer may be slowing. August futures posted a 3-cent-per-gallon loss, closing at $2.473 a gallon. The lack of support in the short term was offset by renewed buyer activity in the last half of the quarter. The hot, dry weather through much of the Corn Belt is reducing any pressure in the corn market. This helped draw buyers back into deferred ethanol contracts pushing prices higher a fraction of a cent per gallon.

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