NEWS
DTN Daily Ethanol Comments
Rick Kment DTN Analyst
Wed May 7, 2014 04:05 PM CDT

Ethanol futures bounced higher Wednesday despite a slight decrease in corn prices reducing overall production costs. The focus in the market was between strong gains in energy markets as well as a narrow reduction of overall ethanol inventories at the end of last year. June futures rallied to $2.058 per gallon after a 6.3-cent-per-gallon gain. This support continues to be seen through all nearby contracts as traders are now starting to realize the impact of holiday demand picking up in front of Memorial Day.

RBOB gasoline futures found renewed buyer support as commercial interest quickly redeveloped through the complex. It ...

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