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4/29/13, "Ethanol’s Discount to Gasoline Tightens on Corn Supply Concern," Bloomberg, M. Parker
"“Ethanol is definitely trading higher with the boost in
corn pricing,” said Dan Flynn, a trader at Price Futures Group
in Chicago. “Everybody is behind schedule.”...
Prices for the grain have eased on rising inventory
estimates and projections that U.S. farmers would boost planting
to the most since 1936....
"Corn Advances"
"About 42 percent of this year’s corn crop will go toward
ethanol production, the USDA said in its April 10 World
Agricultural Supply and Demand Estimates report."...
Ethanol imports averaged 39,000 barrels a day in the week
ended April 19, the first time U.S. companies have made outside
purchases of the biofuel since March 29, EIA data show ...
Ethanol-blended gasoline made up 93 percent of the total
U.S. gasoline pool, the lowest since March 29, according to EIA."
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