Ethanol Blog
Rick Kment DTN Analyst
Mon Jun 17, 2013 03:39 PM CDT

The strong gains in front-month July corn futures helped to instill light buyer support into the ethanol complex on Monday. Nearby ethanol contracts posted a fractional gain at the end of the session, despite double-digit gains seen in front-month corn futures.

Traders in the ethanol market looked past corn price moves in front-month contracts and focused on the narrow price shifts in deferred futures. The loss of 3 to 4 cents per gallon in the RBOB gasoline markets were the biggest factors in limiting ethanol gains. Nearby ethanol futures gained 0.3 to 0.5 cents per gallon.

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