NEWS
DTN Daily Ethanol Comments
Rick Kment DTN Analyst
Tue Aug 27, 2013 04:48 PM CDT

Ethanol futures backed away from early week gains following a tumble in corn prices Tuesday. Corn futures fell 16 cents per bushel, which accounts for the majority of the 20-cent rally which developed Monday. Ethanol prices posted a 3.5-cent-per-gallon loss in September contracts. Compared to the 7-cent gains Monday, additional premium is still being held in the ethanol market compared to corn market losses. Ethanol trades are focusing on the renewed support in energy prices as well as concerned those additional aggressive gains may quickly redevelop in corn futures before the end of the week. Front-month futures closed at $2.473 ...

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