DTN Daily Ethanol Comments
Rick Kment DTN Analyst
Thu Mar 27, 2014 04:54 PM CDT

Ethanol futures closed mixed in a side range following traders starting to separate immediate needs with longer-term market access. The sharp gains in corn prices helped to push spot-month April contracts sharply higher. This moved prices to $2.996 a gallon after a 5.2-cent-per-gallon gain. The growth in inventory levels on Wednesday's EIA report is still keeping other short- and long-term markets under pressure given the possibility of additional losses over the near future. May through December contacts posted 1.6- to 2.8-cent-per-gallon losses as traders try to sort out the market spreads between nearby and deferred contract months.

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