DTN Daily Ethanol Comments
Rick Kment DTN Analyst
Tue Apr 8, 2014 04:38 PM CDT

Ethanol futures posted additional sharp losses Tuesday despite strong gains in both the energy and the corn markets. Traders are now starting to unwind recent aggressive market support seen in the market over the past two months, and this could lead to additional market pressure through the upcoming weeks. May futures led the market lower, posting an 8.8-cent-per-gallon loss, closing at $2.27 per gallon. The price spread between the May and June contracts has now narrowed to 10 cents per gallon, with additional pressure expected in the spreads in the near future.

RBOB gasoline futures posted strong support Tuesday following ...

Quick View
Related News Stories