NEWS
DTN Daily Ethanol Comments
Rick Kment DTN Analyst
Fri Aug 9, 2013 04:21 PM CDT

Ethanol futures continue to show lack of support at the end of the week. The nearby and deferred ethanol contracts posted 3.5- to 5.7-cent-per-gallon losses. While most of the time the most significant activity is seen in front-month contracts, Friday posted much more aggressive losses through the early 2014 contract months. The continued focus on lower corn prices as well as lack of support in ethanol demand is starting to erode long-term trader support. September contracts posted a 3.5-cent-per-gallon loss, closing at $2.145 a gallon. The September contract is the only contract priced above $2 per gallon.

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