DTN Daily Ethanol Comments
Rick Kment DTN Analyst
Wed Oct 23, 2013 04:02 PM CDT

Ethanol futures posted moderate losses Wednesday despite a bounce higher in corn futures through the session. Corn prices gained 4 cents per bushel which would typically increase production costs of ethanol and help to support prices. But given the weakness in energy markets and the already strong discount to gasoline prices, even a moderate bounce in corn markets couldn't draw buyers back to ethanol markets. November futures led the market lower, closing at $1.795 a gallon. Other nearby contracts are trading at a 13- to 17-cent-per-gallon discount to November contracts as demand for ethanol is expected to slump as the ...

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