DTN Daily Ethanol Comments
Mary Kennedy DTN Basis Analyst
Fri Mar 7, 2014 04:36 PM CST

Ethanol futures posted strong losses Friday as traders focus on squaring positions following the strong surge higher in ethanol markets. Corn prices were unable to find additional market support and traded lower through the session. March futures slipped 4 cents per bushel, while May contracts slipped 2 cents a bushel in light trade. The focus on production costs continues to heavily influence ethanol futures prices. April ethanol contracts closed at $2.29 per gallon, after a 5.6-cent-per-gallon loss. Traders still remain uncertain just how much additional support will develop over the coming weeks and months, but significant support in corn prices ...

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