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Platts reports that ongoing European drought is pushing up ethanol feedstock prices for corn and wheat as stocks tighten ahead of a potentially small harvest. Reduced feed availability has also raised demand for DDG, and soybeans are supported by tight rapeseed supplies.
A smaller European harvest tightens wheat and feed-grain supplies, which lifts feed costs and raises demand for substitutes such as DDGS.
biofuelsdigest.comMeghan SappAug 9, 2018After 1,072 past bullish weather events, Wheat (SRW) moved a median +0.2% over 5 sessions (55% higher; middle half -1.4% to +2.3%), and +0.3% over 20.
After 1,465 past bullish weather events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% over 20.
Not 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.
