DTN Daily Ethanol Comments
Mary Kennedy DTN Basis Analyst
Thu Apr 24, 2014 02:22 PM CDT

Ethanol trended lower for most of the day as lower cash ethanol prices put pressure on the market. May was showing a 5-cent loss mid-day at $2.21 per gallon and June was down 3 cents at $2.14 per gallon.

Crude oil prices opened the day higher on news that pro-Russian separatists were killed by Ukraine forces overnight. However, after the EIA reported weekly crude supplies at a record of 397.7 million barrels, the market may back down if tensions between the Ukraine and Russia ease. According to DTN/The Progressive Farmer Energy Reporter George Orwel, "Under an international agreement signed in ...

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