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U.S. ethanol nears rare premium to gasoline, threatening margins

2015-08-22 10:31:27| Agriculture - Topix.net

Aug 21 Benchmark U.S. ethanol prices are about to return to a rare premium versus gasoline for the first time since January, threatening to end a period of relatively healthy margins that was bolstered by unexpectedly strong summer fuel demand. With crude oil prices crashing a second time to hit 6-1/2-year lows this week and corn costs that have remained relatively stable this year, the discount for front-month Chicago Board of Trade ethanol futures versus New York gasoline has narrowed from about 65 cents to just 4 cents in two months.

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