Chris Wilson News
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Ethanol’s discount to gasoline swelled to the widest in nine weeks on concern the fuel’s gain this year will attract Brazilian supply.
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Ethanol’s discount to gasoline dwindled to the lowest level since December 2011 on concern inventories won’t be able to meet rising demand.
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Ethanol declined against gasoline on speculation higher returns for making the fuel from corn will spur companies to boost output.
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Ethanol futures declined for a third day in Chicago on ample supply and lower demand for the corn- based biofuel.
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Ethanol strengthened against gasoline after a Hess Corp. refinery startup up in New Jersey added to regional supplies and sent motor-fuel prices lower.
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Republican presidential candidate Herman Cain, under pressure within his party to clarify years- old allegations of sexual harassment, blamed a rival, Governor Rick Perry of Texas, for reviving the accusations.
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Republican presidential candidate Herman Cain holds a virtual tie with former Massachusetts Governor Mitt Romney in a national survey of Republicans conducted amid reports of sexual harassment complaints Cain faced as head of a Washington trade group in the 1990s.
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Ethanol’s discount to gasoline narrowed to the smallest level in 12 weeks with production of the additive below year-earlier levels and stockpiles of the motor fuel advancing.
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Illegal immigration, drug smuggling and border crime may rise as U.S. spending cuts reduce hours for Border Patrol agents, their union said yesterday.
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Ethanol fell to the lowest level since July as corn, the main ingredient used to produce the fuel additive, fell the most since May.
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