NEWS
DTN Daily Ethanol Comments
Rick Kment DTN Analyst
Fri Mar 8, 2013 04:26 PM CST

Ethanol futures posted sharp gains Friday following the combination of higher corn and RBOB gasoline prices. April ethanol futures rallied 7.6 cents per gallon, closing over $2.50 per gallon at $2.512 a gallon. The move came in the corn market following the bullish USDA report, while the energy market was encouraged by the improvement of job growth. Although moderate to strong gains were seen in all nearby contracts, the majority of the gains were centered on spring and early summer contracts. Traders are expected to see improvement in driver activity if the economy continues to show signs of improvement.

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