DTN Daily Ethanol Comments
Rick Kment DTN Analyst
Wed Mar 19, 2014 04:03 PM CDT

Ethanol futures posted additional sharp gains Wednesday following additional tightness in ethanol stocks at the end of last week. Even though the trend was likely to continue, the release of latest EIA data confirmed that inventory levels have dropped to a 3 1/2 month low. This drew active support into the April futures contracts and posted a 14.2-cent-per-gallon rally. Ethanol prices moved to $2.711 a gallon, which further narrows the ethanol to RBOB gasoline market spread. Gains were seen in all nearby contracts, but the focus seems to be squarely placed on spring contract months due to less aggressive buying ...

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