NEWS
DTN Daily Ethanol Comments
Rick Kment DTN Analyst
Wed Sep 11, 2013 05:13 PM CDT

Ethanol futures eroded through the Wednesday trading session with traders focusing on the increase in ethanol inventory in the weekly EIA report. Traders overlooked the late-day bounce in corn prices and focused solely on overall supply levels. With ethanol production increasing over the last week even though corn markets have been volatile, there is growing concern that supplies may continue to build through the rest of the year. This could further weaken overall prices during the coming days and weeks no matter what corn prices do. October ethanol futures posted 3-cent-per-gallon losses, closing at $1.865 per gallon. Other nearby contracts ...

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