Ethanol Blog

Trade activity remained light to moderate in ethanol futures Tuesday with nearby contracts posting gains just over 1 cent per gallon.

The main driver in the ethanol market remains the renewed support in the corn market which gained 5 cents per gallon.

General commodity market support developed Tuesday as traders focus on the lack of overall trade volume and a sense of prepositioning in front of election results. The energy market surged higher with crude oil futures rallied $3 per barrel and higher, while gasoline contracts were up 7 to 8 cents per gallon.

It is uncertain if this renewed noncommercial support which stepped into the market will be able or willing to hold through the rest of the week, but none the less, an election-day boost was seen.

Rick Kment can be reached at rick.kment@telventdtn.com