# European drought pushing biofuel feedstock prices higher  : The Daily Digest

> 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.

- Date: 2018-08-09 · published 2018-08-09T12:00:00.000Z
- Category: weather · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/63536-european-drought-pushing-biofuel-feedstock-prices-higher-the-daily-digest
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

A smaller European harvest tightens wheat and feed-grain supplies, which lifts feed costs and raises demand for substitutes such as DDGS.

## Read by commodity

- CORN: bullish ▲
- DDGS: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2018-05-22 | [European ethanol producers suffer from seriously negative crush margins  : The Daily Digest](https://feedsoft.ai/events/65030-european-ethanol-producers-suffer-from-seriously-negative-crush-margins-the.md) | +0.7% | -1.4% |
| WHEAT | 2017-07-11 | [ABN Amro: Grain prices higher due to US drought • De Molenaar](https://feedsoft.ai/events/70017-abn-amro-grain-prices-higher-due-to-us-drought-de-molenaar.md) | -2.0% | -1.7% |
| WHEAT | 2020-09-22 | [Drought hampering Black Sea crop sowing sparks light in wheat prices
 \| The Land \| NSW](https://feedsoft.ai/events/51175-drought-hampering-black-sea-crop-sowing-sparks-light-in-wheat-prices-the-land.md) | +5.6% | +10.6% |
| WHEAT | 2017-06-06 | [What will be the trigger to push grain prices higher? - Grain Central](https://feedsoft.ai/events/70536-what-will-be-the-trigger-to-push-grain-prices-higher-grain-central.md) | -1.0% | +2.0% |
| WHEAT | 2018-06-06 | [Drought and US rail rates prop up export prices - High Plains Journal](https://feedsoft.ai/events/64574-drought-and-us-rail-rates-prop-up-export-prices-high-plains-journal.md) | +0.2% | -6.4% |
| CORN | 2017-12-08 | [Drought dries out corn and soy profits, raises prices  : The Daily Digest](https://feedsoft.ai/events/67323-drought-dries-out-corn-and-soy-profits-raises-prices-the-daily-digest.md) | +2.9% | +5.8% |
| CORN | 2022-08-09 | [Coping with high feed prices, drought in 2022
						 \| The Cattle Site](https://feedsoft.ai/events/40182-coping-with-high-feed-prices-drought-in-2022-the-cattle-site.md) | +2.0% | -0.1% |
| CORN | 2022-05-01 | [Brazil’s Drought: The Trigger that Could Take Corn Prices Higher?](https://feedsoft.ai/events/13731-brazil-s-drought-the-trigger-that-could-take-corn-prices-higher.md) | -8.1% | -2.4% |

## Sources

- biofuelsdigest.com: https://biofuelsdigest.com/european-drought-pushing-biofuel-feedstock-prices-higher/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.