DTN Daily Ethanol Comments
Rick Kment DTN Analyst
Mon Sep 30, 2013 04:05 PM CDT

Ethanol futures posted sharp losses Monday following double-digit losses in corn futures. Increased ending stocks in USDA reports led to a pullback of buyer support seen before the report's release. This left nearby corn futures 12 cents per bushel lower Monday. Since this is where prices will be established for month and quarter end, this could create additional pressure on the complex over the near future. October ethanol futures led the market lower, falling 6.5 cents per gallon lower, closing at $1.925 a gallon. Deferred futures posted much less aggressive pressure, falling just 1 cent per gallon. This indicates that ...

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