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CropEnergies shares rose toward record highs after its Ensus ethanol plant returned to operation during a period of higher-than-expected European ethanol prices. The company raised its full-year revenue expectation toward EUR1 billion, with traders estimating strong daily gross margins from lower wheat prices.
Cheaper wheat feedstock and higher ethanol prices widen European ethanol margins, which can keep wheat demand for industrial use firm while supporting co-product supply.
biofuelsdigest.comMeghan SappJun 19, 2017Not 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.
