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French sugar and ethanol producer Tereos reported a 15% decline in European earnings in the quarter as ethanol margins tumbled. The report is paywalled and limited in detail.
Weaker European ethanol margins point to reduced biofuel processing economics, which can ease demand for feedstocks such as wheat and sugar beet in Europe.
qcintel.comFeb 24, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
