Ethanol Blog
Spot Ethanol Prices Down Along Coastal Hubs in Thin Trade
Spot ethanol prices in New York, the Texas Gulf Coast and along the West Coast were lower in a thinly-traded session early Tuesday as traders booked profits after Monday's steep rally by corn and ethanol futures, with trade sources saying the upside was overdone.
Ethanol futures declines were also driven by position-squaring by some traders ahead of weekly federal supply data due Wednesday and ahead of the May 3 expiration of May ethanol futures contract on the Chicago Board of Trade.
George Orwel can be reached at george.orwel@telventdtn.com.
© Copyright 2013 DTN/The Progressive Farmer. All rights reserved.
P[L1] D[0x0] M[300x250] OOP[F] ADUNIT[] T[]
Comments
To comment, please Log In or Join our Community .