DTN Daily Ethanol Comments
Thu Jan 9, 2014 03:49 PM CST

Ethanol futures are starting to stabilize with nearby contracts mellowing the losses seen Wednesday due to expected current demand likely to be somewhat stable. February ethanol futures posted a 1.7-cent-per-gallon gain, closing at $1.93 a gallon. This price of $1.93 per gallon seems to be the new comfort level of the market, but it is uncertain if traders will be able to draw much more support into the market given pressure in deferred contracts as well as pressure in deferred contracts limited to fractional losses.

RBOB gasoline futures slipped lower during light trade as traders focused on lack of direction ...

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