# The Global Sugar Shortage Is About to Ease Thanks to a Corn Supply Boom | Financial Post

> Brazil's corn output is surging, making corn ethanol more profitable and prompting mills to shift cane toward sugar. The shift is expected to ease a global sugar shortage that drove prices to an 11-year high.

- Date: 2023-09-22 · published 2023-09-22T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/34081-the-global-sugar-shortage-is-about-to-ease-thanks-to-a-corn-supply-boom
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Expanding Brazilian corn ethanol increases domestic corn demand there and may shift sugar supply, with limited direct effect on feed grain prices.

## Read by commodity

- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-10-30 | [Argentina's Milei Taps Unseasonal Source in Search of Dollars: Shock Therapy \| Financial Post](https://feedsoft.ai/events/28129-argentina-s-milei-taps-unseasonal-source-in-search-of-dollars-shock-therapy.md) | +0.8% | -1.1% |
| CORN | 2018-05-16 | [Corn Hands the Baton to Wheat](https://feedsoft.ai/events/10238-corn-hands-the-baton-to-wheat.md) | +0.3% | -4.4% |
| CORN | 2022-06-29 | [Three Signs Show That Argentina Is Heading to a Devaluation - Bloomberg](https://feedsoft.ai/events/41226-three-signs-show-that-argentina-is-heading-to-a-devaluation-bloomberg.md) | +1.2% | -16.3% |
| CORN | 2019-08-01 | [Corn tries to hold the line](https://feedsoft.ai/events/6042-corn-tries-to-hold-the-line.md) | -3.0% | -7.6% |
| CORN | 2020-04-03 | [Grim reality of severe global economic recession slams meat industry
						 \| The Pig Site](https://feedsoft.ai/events/6602-grim-reality-of-severe-global-economic-recession-slams-meat-industry-the-pig.md) | -0.6% | -8.4% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/the-global-sugar-shortage-is-about-to-ease-thanks-to-a-corn-supply-boom

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.