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Raizen, Brazil's largest sugar and ethanol company, said higher U.S. ethanol production costs could cost U.S. ethanol makers market share in Brazil's Northeast. The comments came as U.S. corn problems were boosting the outlook for Brazilian ethanol.
Higher U.S. corn costs strengthen Brazilian ethanol competitiveness, which could support Brazilian sugarcane ethanol demand and related sugar economics.
reuters.comMarcelo TeixeiraJun 18, 2019Not 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.
