NEWS
DTN Daily Ethanol Comments
Rick Kment DTN Analyst
Fri Nov 8, 2013 04:00 PM CST

Ethanol futures rallied higher Friday following strong gains developing in corn prices after the USDA report. Front-month December corn prices gained 6 cents per bushel, with other nearby contracts holding a 7-cent rally at closing bell. This helped to draw aggressive and solid support into nearby ethanol futures as traders focused on the potential that additional buyer support could step back into corn markets early next week. December futures led the market higher, gaining 3.9 cents per gallon, to close at $1.674 a gallon. All other nearby contracts rose 2.4 cents per gallon, as the uniformity seemed to speak volumes ...

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