DTN Daily Ethanol Comments
Wed Jan 8, 2014 03:41 PM CST

Ethanol futures posted moderate losses following pressure in both the corn and energy markets as well as a strong buildup last week in ethanol stocks. Front month February futures are holding the strongest losses, of 3.1 cents per gallon closing at $1.913 a gallon, although these contracts still remain priced at an 8 cent premium over March futures. Traders are looking for continued ethanol production through early January to keep inventory levels growing. Even though demand for ethanol remains above year-ago levels, the seasonal slump for overall gasoline and ethanol is keeping the market concerned about unchecked inventory growth.

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