DTN Daily Ethanol Comments
Mary Kennedy DTN Basis Analyst
Fri Oct 18, 2013 04:49 PM CDT

Front-month ethanol futures rose higher on tight supplies in key trading hubs as inventories have been drawn down and imports have slowed. However, as the corn harvest progresses and more corn becomes available for grind, supplies should be replenished which will pressure ethanol prices. The November contract closed up 1.9 cents at $1.81 per gallon and December closed up 1.4 cents at $1.679 per gallon. The steep inverse between the front two months indicates the short supplies nearby which will continue until supplies are replenished.

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