Ethanol futures posted extremely strong gains through February. Front-month March futures rallied 46 cents per gallon during the month, helping to set the tone for additional market support and the potential for aggressive renewed buying interest during the rest of the spring.
In comparison to February gains, January increased 7 cents per gallon, December posted an aggressive 14-cent rally, while prices fell 2 cents per gallon in November and gained 1.4 cents per gallon in October.
In the last week alone, front-month ethanol prices rallied 20 cents per gallon.
Price increases have been tightly tied to firming corn prices, as ...