Market momentum in the ethanol complex was quickly shifted from the aggressive gains seen Wednesday due to tightening supplies.
The pressure in energy markets Thursday which followed increased jobless claims in the weekly report has created some uncertainty about sustained demand for ethanol and gasoline markets.
Jobless claims increased 21,000, to 311,000 which is well above expected levels, and is quickly creating concerns about economic uncertainty. This has a significant impact in energy markets, pushing crude oil futures $2 to $3 per barrel lower, while RBOB gasoline prices slipped 8 cents per gallon following the news.
Although there still remains ...