NEWS
DTN Daily Ethanol Comments
Rick Kment DTN Analyst
Mon Aug 26, 2013 04:58 PM CDT

Ethanol futures closed sharply higher with traders focusing on the double-digit rally in the corn market. Front-month corn futures gained 20 cents per bushel. Even the strong gains in the corn market do not account for the full 7.2-cent-per-gallon gain in September ethanol contracts. This pushed prices to $2.508 per gallon. The expectation that additional corn market gains will reduce production levels is drawing buyers back into the market. Deferred futures are also holding strong gains, based on strong buyer activity.

RBOB gasoline futures posted sharp losses with front-month futures posting 5.5-cent-per-gallon gains. This pushed contracts to $2.9517 a gallon ...

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