Ethanol futures gain as Valero plants go offline

In Indiana, Bloomberg reports that as Valero’s ethanol plants falter one by one, ethanol futures are gaining. Currently at their highest price in more than a month, they have jumped as Valero’s Linden plant was temporarily halted last week.

Said Christian Mayer, market advisor at Northstar Commodity Investments, “the corn market has been going up significantly and so ethanol needs to work higher.”

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