DTN Daily Ethanol Comments
Rick Kment DTN Analyst
Wed Apr 9, 2014 04:43 PM CDT

Ethanol futures moved higher Wednesday despite building ethanol inventory levels at the end of last week as well as late-day pressure in the corn market. Market fundamentals are pointing to further softness in the ethanol market, but buyers seem to be overlooking this activity for the moment and stepping back into what some feel is a moderately oversold market. May futures posted a 1.6-cent-per-gallon gain, closing at $2.30 a gallon. The lack of additional pressure in nearby contracts seems to defy the 4- to 5-cent loss in corn markets. Ethanol prices are likely to chop around in this trading range ...

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