NEWS
Ethanol Blog
George Orwel DTN Energy Reporter
Fri Feb 27, 2015 02:38 PM CST

Spot ethanol prices climbed again Friday as buying interest increased while gasoline and corn futures rallied ahead of the weekend break. Traders are worried current excess ethanol supply would be massively drawn down in the weeks ahead if U.S. production declines further while blending demand is expected to increase ahead of the summer peak driving season.

Midweek federal data showed implied gasoline demand picking up, while the March RBOB contract is trading at a 21-cents discount to April ahead of its expiration Friday. Prompt Argo ethanol traded 3 cents higher at $1.40, while New York Harbor barges rose 3 cents ...

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