“The recent rise in ethanol inventories tracks to some extent with the 13% surge in gasoline inventories seen in the past six reporting weeks,” CME Group said in its bi-weekly Ethanol Outlook Report released January 7.In futures trading, CBOT Denatured Fuel Ethanol futures extended a sharp sell-off to hit six-month lows at the end of last week, partly in response to a drop in corn prices. In trading January 7, February ethanol rose 1.3 cents to $2.194 a gallon.Click here for more of the CME Group’s bi-weekly Ethanol Outlook Report.
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