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Expectations are that the US and Brazil will hold back ethanol output in coming months due to surging corn and sugar costs. US gasoline averaged above $3 per gallon for the first time since 2014, and Brazilian ethanol prices are near historic highs.
Reduced ethanol output lowers corn grind and DDGS supply, while high corn costs tighten feed grain margins.
williams.com.brDjurdjica dos SantosJun 30, 2021Not enough comparable past events yet for a historical read.
Not 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.
