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Platts reports European T2 ethanol prices near seven-month highs at $560 per cubic meter, after low Rhine river levels from dry weather squeezed stocks. Milling wheat prices hit a three-year high, and DDGS sales are helping offset margin losses.
Rhine logistics constraints and firmer wheat costs point to tighter European feed and cereal supply, supporting DDGS and wheat values.
biofuelsdigest.comMeghan SappJul 30, 2018After 283 past bullish logistics events, Wheat (SRW) moved a median -0.2% over 5 sessions (46% higher; middle half -1.4% to +1.3%), and -0.1% 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.
