
São Martinho reported higher revenue for the second quarter of fiscal 2027 on increased ethanol sales, while lower prices and rain-related production impacts weighed on earnings. The company lowered its sugarcane production guidance and said capital spending remains focused on maintenance and its corn-ethanol expansion.
Rain-related reductions in cane output can tighten Brazilian sugar and ethanol supply, while weaker prices temper the potential price support. Continued investment in corn ethanol could raise local corn demand over time.
Not enough comparable past events yet for a historical read.
After 1,465 past bullish weather events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% over 20.
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.