DTN Daily Ethanol Comments
Rick Kment DTN Analyst
Tue Oct 15, 2013 04:54 PM CDT

Ethanol futures gained further strength Tuesday, following additional gains in corn futures prices. The 6-1/2 cent rally in December corn sparked moderate to strong support in nearby November ethanol. This pushed prices 4.1 cents per gallon higher, closing at $1784 a gallon. Other nearby contracts found support, but gains were limited to 1.5 to 2.8 cents per gallon. Firm commercial buying remains in front-month contracts as traders focus on tighter short-term supplies based on expected further decreases in ethanol inventory. Traders shook off pressure in energy markets as the trend of higher prices has started to draw increased interest back ...

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