◂ Event Timeline

Sep 20, 2022TRADEBrazil

Brazil ethanol exports to Europe to hit 12-year record, as Europe margins crash

Brazil's ethanol exports to Europe are forecast to reach a 12-year high of over 600 million litres this year. The article attributes this to weak European margins and domestic demand pressure in Brazil.

WHY IT MATTERS

Heavier Brazilian ethanol flows to Europe reflect shifting biofuel trade, with limited direct impact on feed grain or meal prices.

AFFECTSCorn◆

SOURCE
qcintel.comSep 20, 2022

Price reaction & history

Corn◆neutralSO FAR1d +1.2%5d -2.5%20d +2.4%

After 480 past neutral trade events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.

Oct 25, 2023ADM Profit Tops Estimates On Good Ethanol Margins, Brazilian Exports | ESM Magazine-3.5%
Feb 18, 2020Ethanol exports end at near-record levels-1.7%
Sep 19, 2022US Ethanol Exports on Track for One of the Best Years on Record+0.0%
May 4, 2021U.S. Ethanol Exports Rebound on Near-Record Shipments to China; U.S. DDGS Exports Also Higher+1.5%
Feb 8, 2024With corn ethanol on the rise, Brazil doubles DDG exports - DatamarNews-1.4%

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 ▸

——— · ·

Loading…