NEWS
Washington Insider -- Wednesday
Wed Mar 26, 2014 05:59 AM CDT

Here’s a quick monitor of Washington farm and trade policy issues from DTN’s well-placed observer.

Ethanol Futures Hit 2-1/2 Year High on Transportation Issues

U.S. ethanol futures rose to $3.02 per gallon on March 24, up $1.71, marking the highest price since July 2011 on the Chicago Board of Trade for the predominantly corn-based fuel.

This marks a near 60% increase in ethanol futures prices as the harsh winter and increased crude oil rail shipments are creating rail car shortages to move ethanol from plants to refineries on the coasts.

Some indicate the situation has seen ...

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