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Inpasa says Brazil could increase corn-based ethanol output two to three times from current levels, supported by growing corn production and healthy margins. The item is an excerpt from a paid intelligence service.
Expanding Brazilian corn ethanol would add corn demand and eventually DDGS supply in Brazil, a longer-term bullish factor for corn with limited near-term price effect.
qcintel.comJun 5, 2024After 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.
Not enough comparable past events yet for a historical read.
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.
