Across all ethanol contracts, moderate to strong losses developed through the first full week of August.
September ethanol futures closed at $2.145 per gallon after losing 4 cents per gallon for the week. Other nearby contracts, which were unable find the short-term support last week similar to the front-month contracts, continued to trend lower for the week. All but front-month September futures are trading below the $2 per gallon range.
This recent pressure associated with corn futures prices nearing the $4.50 per bushel level in December contracts is posting contract lows in all but front-month September contracts.
It is uncertain ...