◂ Event Timeline

Apr 18, 2023REPORTBrazil

UNICA: Ethanol production up 5% for 2022-'23 harvest season

UNICA reports Brazilian ethanol production rose 5% for the 2022-23 center-south harvest season. The article text is brief and gives no further detail.

WHY IT MATTERS

Higher Brazilian cane ethanol output adds supply to global ethanol markets, modestly weighing on ethanol prices and corn-based ethanol economics.

AFFECTSCorn▼

SOURCE
biomassmagazine.comApr 18, 2023

Price reaction & history

Corn▼bearishSO FAR1d +0.1%5d -0.4%20d -7.3%

After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% over 20.

Dec 5, 2024EIA: Ethanol production down 4%, stocks up 1%, exports down 20% | Ethanol Producer Magazine+4.3%
Jan 25, 2024EIA: Ethanol production down 22%, stocks up slightly, exports up 27% | Ethanol Producer Magazine-0.8%
May 29, 2023Sorghum Exports and Production Expectations for the 2023/24 Season-4.6%
Oct 1, 2021Coceral lowers EU grain production forecast | Miller Magazine+0.7%
Nov 6, 2019Ethanol production, stocks up on week - Brownfield Ag News-0.7%

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.

Corn CORN · GP ▸

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