DTN Daily Ethanol Comments
Rick Kment DTN Analyst
Mon Oct 21, 2013 04:00 PM CDT

Ethanol futures bounced higher following the late-day support in corn prices Monday afternoon. Corn futures came back from light to moderate losses through early trade to post 2- to 3-cent-per-bushel gains. Traders focusing on higher production costs helped to push front-month November ethanol futures 1.8 cents per gallon higher. There is still strong commercial interest in front-month futures, holding a 14-cent-per-gallon premium over December contracts. The uncertainty of if and how EPA will change RFS levels is keeping buyers cautious about moving into deferred contracts. All contracts from January 2014 to August 2016 posted 0.9-cent-per-gallon gains even though trade volume ...

Quick View
Related News Stories