Ethanol rose the most in more than a week after a government report showed stockpiles of the fuel declined and after the Federal Reserve unexpectedly left intact its level of bond buying.
Carlyle Group LP, the world’s second-largest manager of alternative assets such as private equity, agreed to purchase German wood products manufacturer Klenk Holz AG for an undisclosed fee.
Ethanol weakened against gasoline a fourth day after a U.S. government report showed a glut of the biofuel in storage.
Ethanol strengthened against gasoline on speculation that demand for the biofuel is outstripping supply.
Ethanol strengthened against gasoline on speculation that plant closings and lower output will help alleviate a glut.
Ethanol futures advanced in Chicago on speculation losses will prompt producers to idle output.
Ethanol strengthened against gasoline for the first time in almost two weeks after the Obama administration reaffirmed the nation’s renewable fuel standards and as plant shutdowns reduced output to record levels.
Ethanol strengthened against gasoline as supplies fell and rising corn prices signaled higher production costs.
Ethanol’s discount to gasoline narrowed to the lowest level in more than two weeks on speculation that higher corn prices will curtail supply and on optimism for increased demand.
Ethanol futures fell for the first time in six days, snapping their longest streak of gains since July, on that concern the rally will attract imports.