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FOB Rotterdam EU T2 ethanol fell to $522 per cubic meter, the lowest since September 2016, pushing European producer crush margins negative. High stocks and seasonal Central American imports are expected to keep prices under pressure into Q3.
Weak European ethanol and negative crush margins may reduce European ethanol output and its co-product supply, a mild bearish factor for the feed and energy complex in Europe.
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.