NEWS
DTN Daily Ethanol Comments
Mary Kennedy DTN Basis Analyst
Thu Apr 3, 2014 06:06 PM CDT

Ethanol futures lost about 23% since Tuesday's close as the supply crunch seems to be ending and rail cars are becoming more available to move physical supplies out of the Midwest where weather problems stalled shipments the past few months. Spot ethanol prices moved lower again Thursday due to the supply build on the East Coast and Chicago Hub, along with pressure from April futures going off the board Thursday after the close. April ethanol futures expired 50 cents lower at a $2.70 gallon, a two-week low and May closed down 19.5 cents at $2.304 per gallon.

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