NEWS
DTN Daily Ethanol Comments
Rick Kment DTN Analyst
Fri Oct 24, 2014 03:33 PM CDT

Ethanol futures continue to steadily back away from gains seen early in the week with the focus on long-term market support while energy markets continue to move lower. As corn harvest moves on through the country, corn prices are seeing more volatility based on harvest progress and weather conditions. This is also affecting both nearby and deferred ethanol futures. November ethanol futures closed 3.2 cents per gallon lower, closing at $1.68 per gallon. This signals a 9-cent loss from weekly highs set midweek, creating concern that buyer support may be steadily weakening even though short-term supplies are tightening.

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