NEWS
DTN Daily Ethanol Comments
Mary Kennedy DTN Basis Analyst
Thu Nov 14, 2013 04:50 PM CST

December ethanol futures once again moved higher than corn and posted a 1 1/2 week high in the process. December closed up 1.5 cents at $1.78 and January closed up 1/2 cent at $1.67 per gallon. The EIA left ethanol stocks unchanged for last week but reported that production had moved to its highest level in 21 months. Adding support to the market is continued demand for gasoline blending.

RBOB futures posted another strong day after the EIA and the API reported a larger draw down of gasoline supplies last week, marking the fifth week in a row supplies declined. ...

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