NEWS
DTN Daily Ethanol Comments
Rick Kment DTN Analyst
Thu May 1, 2014 02:54 PM CDT

Ethanol futures tumbled lower following double-digit losses in corn prices and growing uncertainty about just how much follow-through buyer support will redevelop in nearby ethanol markets. May futures closed at $2.17 per gallon after a 9-cent-per-gallon loss. This recent pressure is building on the losses seen midweek based on growing inventory levels at the end of last week. This could create some lack of buyer support over the next couple of weeks at a time when traditionally markets see preholiday buyer support. Other nearby and deferred contracts traded in a tight trading range, falling 6.5 to 7 cents per gallon ...

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