Ethanol futures closed lower for the first time in four weeks as late-week pressure in the corn market sparked additional pressure in ethanol markets Friday.
January futures closed at $2.375 per gallon, which is the lowest weekly close in January futures since the first week in November.
Corn prices continue to be the driving force behind the moves in the ethanol markets. The corn market fell 15 cents per bushel on the weekly close, at $7.37 per bushel in the March contract month.
The late-week pressure in the ethanol and corn markets seemed to quickly take the wind out of ...