European T2 ethanol prices near seven-month high

In the Netherlands, Platts reports that logistical problems along the Rhine due to dry weather and low river levels have squeezed European ethanol stocks sufficiently to push prices towards seven-month highs at $560/cu m. Stronger feedstock prices—such as milling wheat that recently hit a three-year high—have also contributed to the ethanol price increase but not sufficiently to keep margins from squeezing. DDGS sales as well as carbon dioxide sales are helping to offset some of the losses.