Potential ethanol arb window could open up between EU and ARA

In the Netherlands, an arbitration window between the US and Rotterdam could open up in the next couple of weeks thanks to 13-month low ethanol that is helping to make the fuel more attractive. The regional exports from Germany and Hungary mixed with those from Latin America s expected to weigh down the market that n turn could suggest an opening arbitration window soon. As a result, physically trading is quiet at the moment waiting for the window to open up and traders to take positions.