Ethanol Rises Versus Gasoline as Motor Fuel Slumps, Corn Gains
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Ethanol’s discount to gasoline fell the most in more than three months as the motor fuel slumped and corn rose.
The spread narrowed 10.45 cents to 58.56 cents a gallon, the smallest difference since Feb. 4 and the biggest one-day contraction since Nov. 7. Gasoline fell to the lowest level in a month, while corn rose to the highest price since Feb. 8.