NEWS
DTN Daily Ethanol Comments
Rick Kment DTN Analyst
Wed Sep 18, 2013 04:47 PM CDT

Ethanol futures bounced sharply higher Wednesday following the combination of widespread commodity and stock market support as well as reduced inventory levels reported by the latest EIA report. October contracts posted the strongest gains of 6.0 cent per gallon, closing at $1.845 a gallon. Additional support in the market was seen in all nearby and deferred futures with the remainder of the 2013 contracts holding gains of 1.8 to 3.5 cents per gallon. Overall demand for ethanol is expected to slow along seasonal patterns in the coming weeks, but if production of ethanol slips, additional inventory tightness is likely.

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