NEWS
DTN Daily Ethanol Comments
Rick Kment DTN Analyst
Wed Oct 16, 2013 04:42 PM CDT

Ethanol futures posted light to moderate price support following increased buyer interest in energy markets. The typical relationship between ethanol and corn markets took a back seat Wednesday as traders focused on the hopes and expectations that congress would be able to pass legislation that would push debt default issues off until next year and restart the furloughed government workers. This helped to push November futures 2.1 cents per gallon higher, closing at $1.805 a gallon. Corn prices closed fractionally lower, although trade volume in the corn market remained extremely light through the end of the session.

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