NEWS
DTN Daily Ethanol Comments
Rick Kment DTN Analyst
Fri Aug 16, 2013 04:40 PM CDT

Ethanol futures slipped moderately lower in all nearby and deferred futures contracts as traders took into account pressure in corn prices. Nearby contracts posted 1.8- to 2.3-cent-per-gallon losses, although front-month contracts are holding a 30-cent premium over the October contracts. The focus on short-term demand given the drop in inventory levels last week seems to have buyers still looking for increased support despite daily corn price movements. Front-month futures closed 2 cents lower at $2.222 a gallon.

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