DTN Daily Ethanol Comments
Rick Kment DTN Analyst
Wed May 14, 2014 03:38 PM CDT

Ethanol futures posted strong gains Wednesday following increased overall demand for ethanol through the end of last week. The combination of higher demand and rising energy prices in the futures market overshadowed the increased production and inventory levels seen last week in the EIA report. June ethanol futures led the market higher, closing at $2.166 a gallon, after a 3.3-cent-per-gallon rally. It is uncertain just how much longer-term support will develop in the market after the holiday rush blows over. But traders seem comfortable with price levels at or slightly above the $2-per-gallon level. This could help to maintain moderate ...

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