Hydrated ethanol pump prices rose in 14 Brazilian states and fell in eight, including the Federal District, in the week of November 8 to 14, according to ANP data. Ethanol still offers a cost advantage over gasoline for flex-fuel drivers in 11 states on average fleet efficiency, and in 23 states for newer flex vehicles.
Rains in the Center-South, linked to a very strong El Niño, are interrupting sugarcane harvesting in the region.
Heavy rain disrupting the Center-South cane harvest tightens ethanol supply and supports ethanol prices, which can pull corn demand higher as Brazil's ethanol output shifts toward corn-based production. Higher ethanol prices also tend to lift the parity for distillers' co-products such as DDGS.
After 449 past neutral weather events, Corn moved a median +0.1% over 5 sessions (53% higher; middle half -1.4% to +1.6%), and +0.7% over 20.
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.