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Brazilian domestic corn prices have risen about 140% over the past year, with spot corn near BRL73 per bag. Corn ethanol mills still earn positive margins because ethanol and DDGS prices are strong, and the number of corn ethanol mills keeps growing.
Expanding corn ethanol demand competes with feed use for a crop already hit by dry weather and frost, supporting Brazilian corn and DDGS prices while raising questions about future ethanol supply.
czapp.comCatarina JunqueiraJul 22, 2021Not enough comparable past events yet for a historical read.
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.
