DTN Daily Ethanol Comments
Rick Kment DTN Analyst
Thu Aug 22, 2013 04:17 PM CDT

Ethanol futures shrugged off sharp losses in the corn market with mixed price movement through the ethanol complex. Traders are focusing on the separation between the short-term needs and longer-term supplies available to the market. September ethanol contracts posted a 0.7-cent gain, closing at $2.303 a gallon. Other nearby contracts posted losses of 1 to 2.4 cents per gallon based on renewed corn market liquidation. Corn futures fell 10 to 18 cents per bushel, which significantly affects overall cost of production at the plants as well as creates uncertainty about long-term price support in the ethanol market.

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