NEWS
DTN Daily Ethanol Comments
Rick Kment DTN Analyst
Wed Mar 20, 2013 04:36 PM CDT

Ethanol futures moved in the opposite direction of the corn market once again Wednesday. The pressure early in the week in ethanol markets drew sellers back to the market despite higher prices in both corn and energy markets. Corn futures posted a 4-cent-per-gallon gain. April ethanol futures posted a 2-cent-per-gallon loss, closing at $2.585 a gallon. Following the sharp rally last week, it appears that buyers are taking a much more cautious view of the market, at least for the short term.

RBOB gasoline futures rallied higher following falling inventory levels on the EIA report Wednesday. All nearby contracts posted ...

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