# ITAU BBA SAYS CORN ETHANOL HAS LIMITED PROFITABILITY FOR NOW – WILLIAMS SERVIÇOS MARÍTIMOS LTDA.

> Itau BBA expects limited corn availability until the 2021/22 off-season while global corn production is likely to meet demand for the first time in four years. It projects Brazilian corn ethanol output rising 32.5% but total ethanol output falling to 27.9 billion liters from 30.4 billion.

- Date: 2021-06-30 · published 2021-06-30T12:00:00.000Z
- Category: report · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/46554-itau-bba-says-corn-ethanol-has-limited-profitability-for-now-williams-servicos
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

A forecast of more balanced global corn supply suggests prices stabilize at lower levels, reducing feed grain cost pressure over time.

## Read by commodity

- CORN: bearish ▼
- DDGS: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-08-26 | [CORN HARVEST HAS ESTIMATED RECORD IN BRAZIL – WILLIAMS SERVIÇOS MARÍTIMOS LTDA.](https://feedsoft.ai/events/51442-corn-harvest-has-estimated-record-in-brazil-williams-servicos-maritimos-ltda.md) | +1.5% | +7.0% |
| CORN | 2019-02-21 | [BRAZIL SHOULD HAVE 2nd CORN CROP 21% HIGHER WITH PRODUCTIVITY GAINS – WILLIAMS SERVIÇOS MARÍTIMOS LTDA.](https://feedsoft.ai/events/60442-brazil-should-have-2nd-corn-crop-21-higher-with-productivity-gains-williams.md) | -0.3% | +2.0% |
| CORN | 2022-06-01 | [SECOND CORN CROP FORECAST AT 16 MILLION TONS IN PARANA – WILLIAMS SERVIÇOS MARÍTIMOS LTDA.](https://feedsoft.ai/events/13717-second-corn-crop-forecast-at-16-million-tons-in-parana-williams-servicos.md) | +2.3% | +0.5% |
| CORN | 2019-01-07 | [CENTER-WEST PREPARES TO EXPAND AREA OF SECOND CORN CROP – WILLIAMS SERVIÇOS MARÍTIMOS LTDA.](https://feedsoft.ai/events/60942-center-west-prepares-to-expand-area-of-second-corn-crop-williams-servicos.md) | -0.7% | +0.1% |
| CORN | 2020-05-12 | [USDA forecasts record corn production, jump in exports \| Profitability \| farmweeknow.com](https://feedsoft.ai/events/52965-usda-forecasts-record-corn-production-jump-in-exports-profitability-farmweeknow.md) | +0.6% | +4.2% |

## Sources

- williams.com.br: https://williams.com.br/itau-bba-says-corn-ethanol-has-limited-profitability-for-now/

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