What is an ethanol future?
Ethanol futures are agreements where the buyer agrees to take delivery of 29,000 gallons of ethanol when the contract expires.
What is ethanol?
Ethanol is also known as grain alcohol, ethyl alcohol, or drinking alcohol. It is a volatile and flammable substance that is produced when sugars are fermented by yeasts. It can be used as a disinfectant or antiseptic, and it also serves as an excellent fuel source, as well as the base for ethylene.
Where are ethanol futures traded?
Ethanol futures are traded on the Chicago Mercantile Exchange.