Ethanol Blog
Spot Ethanol Tracks Corn Futures Down on Bearish Sentiment
By
George Orwel
Spot ethanol prices tumbled at Argo near Chicago, on the New York Harbor Trade and along the West Coast, tracking falling CBOT corn futures amid "chatter that a large OTC put option buying in corn."
Traders sought protection versus downside risks after feeling the market was overbought last week.
George Orwel can be reached at george.orwel@telventdtn.com .
(CZ)
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