Ethanol markets on seasonal upswing anticipating summer driving
Source: By Rick Kment, DTN • Posted: Wednesday, April 5, 2017
Ethanol futures have posted a 10-cent rally since hitting support levels. This has continued to spark additional follow-through buyer activity in not only ethanol markets, but all energy markets through the end of March and early April. This is expected to continue as overall inventory of ethanol and gasoline will likely be drawn down through the next couple of months. Prices are expected to remain moderate during the summer of 2017, but firm buyer support is expected during the spring months in ethanol markets, allowing for strong demand as plant capacity remains steady based on expected relatively stable corn market prices.
Gasoline Prices (By Region) | ||
REGION | SPOT | RACK |
West Coast | $1.7698 | $2.1480 |
Midwest | $1.6805 | $1.8873 |
East Coast | $1.5498 | $1.4904 |
Front Month Futures Price (RBOB) $1.6792 |
Ethanol Prices (By Region) | ||
REGION | SPOT | RACK |
West Coast | $1.6800 | $1.7698 |
Midwest | $1.5450 | $1.6805 |
East Coast | $1.6450 | $1.5498 |
Front Month Futures Price (AC) $1.5770 |