NEWS
DTN Daily Ethanol Comments
Rick Kment DTN Analyst
Wed Oct 30, 2013 04:57 PM CDT

Ethanol futures posted fractional gains following EIA data reporting that ethanol inventory levels continue to drop even though production is moving higher. Ethanol demand continues to grow as blending activity is strong. Front-month November futures were not able to show much support, but just a move higher when corn prices continue to fade is somewhat of a moral victory for the market. Front-month futures posted a 0.1-cent-per-gallon gain, moving to $1.802 a gallon. Other nearby contracts posted gains of 0.1 to 0.6 cents per gallon as trades look for the tighter supplies to keep prices firm over the near future.

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