Ethanol Blog

May ethanol futures jumped to new contract highs Thursday following aggressive buyer support in the ethanol market, as well as most outside commodity markets.

Ethanol futures posted double-digit gains of 11.4 cents per gallon, closing at $2.713 a gallon. This is widening the price spread between the June contracts to 20 cents per gallon, but also causes increased speculation that tighter supplies may be seen short term in the market.

The bullishness seen in the ethanol market all week combined with strong gains in the corn and RBOB gasoline contracts helped to put even more focus on the aggressive price gains in the ethanol complex.

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

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