NEWS
DTN Daily Ethanol Comments
Rick Kment DTN Analyst
Thu Jul 25, 2013 04:23 PM CDT

Ethanol futures posted sharp double-digit losses on Thursday following additional pressure in the corn market. September corn futures broke below $5 per bushel on Thursday, and this seemed to crate widespread liquidation through much of the ethanol complex. Front-month August futures closed 13.9 cents per gallon lower, while other nearby contracts fell 8 to 10 cents per gallon. After posting such a significant loss in front-month futures, August contracts closed at $2.20 per gallon. This lack of support may limit additional buyer interest over the next several trading sessions, especially if grain markets cannot find their footings.

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