NEWS
DTN Daily Ethanol Comments
Rick Kment DTN Analyst
Wed Nov 27, 2013 03:43 PM CST

Ethanol futures found additional aggressive price support Wednesday following the latest round of EIA reports which posted additional losses in ethanol stocks. Even though ethanol production rose at the end of last week and overall implied demand for gasoline shrunk from the week earlier, the continued momentum of higher ethanol demand seen during the summer and fall is eroding inventory levels. December ethanol futures posted a 9.1 cent-per-gallon rally, closing at $2.014 a gallon. Other nearby contracts remained lightly traded with increases of 1 to 2.9 cents per gallon higher. Trade is likely to remain sluggish at the end of ...

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