Ethanol Blog
Ethanol Rally Continues
The recent rally in ethanol prices continues to gain momentum, even when traders seemed to be focusing on the lack of additional inventory drops at the end of last week.
Front-month December ethanol futures continue to push higher with gains of 1.7 cents per gallon Thursday. Front-month ethanol prices jumped over 11 cents per gallon since the Nov. 1, adding to the expectation that additional focus will be placed on demand growth over the coming weeks leading up to Thanksgiving.
The expectation that delayed results of export demand will continue to keep spiking through the end of the fall is likely to be met by further concerns of transportation delays in order to get product to end users. This could create an even wider price spread between short-term and long-term price levels.
Rick Kment can be reached at rick.kment@dtn.com
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