DTN Daily Ethanol Comments
Rick Kment DTN Analyst
Mon Nov 18, 2013 04:05 PM CST

Ethanol futures closed mixed Monday following renewed buyer support in front-month futures despite Friday's announcement of decreased levels of ethanol needed to meet RFS levels. December contracts posted a 2.8 cent-per-gallon rally, closing at $1.805 a gallon. This firm support in nearby contracts when both gasoline and corn prices worked lower seems to indicate that the current supply levels is overshadowing longer-term demand shifts. Pressure of 2 cents per gallon developed through most 2014 contract months. This could continue to erode ethanol prices over the near future. But with long-term prices near $1.60 per gallon and over $1 per gallon ...

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