BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
COOKIE NOTICE

Register with us today

and in less than 60 seconds continue your access to: Latest news headlines Analytical topics and features Commodities videos, podcast & blogs Sample market prices & data Special reports Subscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Enter your Email ID below and we will send you an email with your password.


  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber (https://pmc.platts.com), Please navigate to Platts Market Center to reset your password.

In this list
Agriculture

T2 ethanol moves to fresh 2-year high on limited supply

Biofuels | Grains

What do USDA WASDE numbers mean for grains and ethanol markets?

Agriculture | Biofuels

Platts Biofuelscan

Oil | Crude Oil

Platts Workshop at the S&P Global Platts Energy

Agriculture

European second-generation biodiesel bearish into Q4 on mounting stocks

T2 ethanol moves to fresh 2-year high on limited supply

A day-on-day increase of Eur3/cu m to Eur649/cu m Wednesday saw the Platts T2 ethanol assessment move to its highest level since September 24, 2013 as supply into Rotterdam remained low.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

"I believe this run up [in price] is supply rather than demand driven," one trader said. A a second trader said there was "just no cargo" available.

Supply problems were in part due to limited imports which has been the case since the beginning of the year.

Although the arbitrage between south and central America and Rotterdam was open, according to one source, there was not a great amount of EN spec product waiting to be shipped from one side of the Atlantic to the other. As the physical price moved up, so too did the paper market.



The front-month swap increased Eur5/cu m to Eur590/cu m, the highest since August 30, 2013 and the second-month swap increased Eur4/cu m to Eur567/cu m, the highest since August 27, 2013.

Estimated crush margins held well in the the triple figures across milling wheat, corn and feed wheat.

The feed wheat crush spread moved close to a five-year high moving up to Eur216.86/cu m from Eur213.66/cu m, the highest level since February 26, 2010.

The situation lead one producer last week to say that with these "incredibly high margins, everyone should be running full whack".

--Caroline Knight, caroline.knight@platts.com
--Edited by Jeremy Lovell, jeremy.lovell@platts.com