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Pig Progress reports that Brazil's corn ethanol output grew from 520 million litres in 2017-18 to 6.3 billion litres, and is projected to reach 14 billion litres within a decade. The article describes the growing supply of DDGS from Mato Grosso biorefineries, with corn ethanol now capturing about 20% of Brazil's biofuel market.
Expanding Brazilian DDGS output adds feed supply that can compete with imported U.S. DDGS and soybean meal, which may weigh on feed ingredient prices over time.
foodagribusiness.worldDaniel AzevedoJul 31, 2024Not enough comparable past events yet for a historical read.
After 318 past bullish policy events, Corn moved a median -0.1% over 5 sessions (48% higher; middle half -1.4% to +1.5%), and -0.2% 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.
