NEWS
DTN Daily Ethanol Comments
Rick Kment DTN Analyst
Tue Mar 31, 2015 04:09 PM CDT

Ethanol futures posted strong losses as the aggressive double-digit pressure in corn markets following the USDA report led to traders backing away from a previously stable ethanol market. The focus through the last day of March is not only on the falling cost of production associated with lower corn prices, but traders also are expecting that ethanol production may continue to remain strong due to larger-than-expected supplies and new-crop acres. This could continue to weaken nearby and deferred ethanol futures prices over the near future. April futures fell 4.1 cents per gallon, closing at $1.487 a gallon.

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