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The crush margin for European T2 ethanol made from wheat reached an 18-month high near EUR100 per metric ton in the Netherlands, as wheat prices eased to eight-month lows. The EU has reduced ethanol imports, especially from the US, over greenhouse gas concerns.
Cheaper wheat with wider ethanol margins encourages European wheat-to-ethanol production, which can increase the use of wheat and feed-grade co-products in the EU feed market.
biofuelsdigest.comMeghan SappMar 6, 2019Not 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.
