DTN Daily Ethanol Comments
Rick Kment DTN Analyst
Tue Aug 20, 2013 04:15 PM CDT

Ethanol futures traded mixed in a narrow range Tuesday despite the strong pressure developing in the corn market. Traders are still unwilling to quickly back away from current ethanol prices just because of a strong one-day move lower in corn values. September contracts remain unchanged at $2.249 per gallon while other nearby contracts straddled the market with less than 1-cent moves in either direction. Lack of direction seems to be the main focus of traders Tuesday. Activity will be directed to the movement in inventory levels on Wednesday's EIA report as well as midweek corn market direction.

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