FUE - What Do China's Plans Mean For Ethanol Corn And Sugar?
Ethanol is a biofuel, and in the United States, the government mandates that gasoline contains a blend of the oil product and the fuel that is supposed to reduce automobile emissions. The ethanol futures market has a limited scope as the total number of open long and short positions is currently just over the 2,000-contract level and it rarely trades more than 1,000 contracts in a session. Crude oil has over 2 million contracts of open interest and trades an average of over one million each day. Gasoline's open interest is at the 425,000-contract level,