DTN Daily Ethanol Comments
Rick Kment DTN Analyst
Wed Aug 14, 2013 03:48 PM CDT

Ethanol futures closed mixed in a wide trading range Wednesday. The weekly EIA report released Wednesday morning set the market in different directions. Nearby contracts posted strong gains, while light losses developed in deferred contracts. Front-month September futures closed at $2.215 per gallon after a 7.5-cent-per-gallon rally. Inventory level reductions and a rally in corn futures led to the front-month contract support. Deferred contracts were under pressure based on increased production levels at the end of last week. The lower corn prices are expected to draw even more production to come online and pressure long-term contracts.

RBOB gasoline futures were ...

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