Tight European ethanol market pushes prices to two-year highs

In the Netherlands, ethanol supplies remain so tight that prices have run up to fresh two-year highs. Limited imports remain the cause of the supply challenge paired with major European production remaining offline for now. Even though the arbitrage is open between Latin America and the Netherlands but even so, volume isn’t available to load the required cargos. Milling wheat, feed wheat and corn crushing margins all remain well over 100 euros per metric ton.

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