NEWS
DTN Daily Ethanol Comments
Rick Kment DTN Analyst
Thu Apr 10, 2014 04:16 PM CDT

Ethanol futures surged higher once again as another round of aggressive buyer support developed in front-month May contracts. The sharp tumble in market prices over the last two weeks has now led to a flurry of short covering in summer contract months. May futures led the market higher, with a 12.3 cent gain pushing prices to $2.40 a gallon. There is still a lot of uncertainty about just how much support the building stock levels can hold, but buyers are currently focused on gaining access to short-term supplies. Other summer contracts posted gains of 2.3 to 4.9 cents per gallon, ...

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