# São Martinho: Higher ethanol sales lifted revenue, but rainfall and weaker prices cut earnings and cane guidance

> 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.

- Date: 2026-11-10 · published 2026-11-10T06:18:12.014Z
- Category: weather · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/91143-sao-martinho-higher-ethanol-sales-lifted-revenue-but-rainfall-and-weaker-prices
- Commodities: [Ethanol](https://feedsoft.ai/c/ETHANOL.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

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.

## Read by commodity

- CORN: bullish ▲
- ETHANOL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-08-26 | [Low rainfall in US Midwest drives corn prices higher](https://feedsoft.ai/events/51639-low-rainfall-in-us-midwest-drives-corn-prices-higher.md) | +1.5% | +7.0% |
| CORN | 2022-12-30 | [Third La Nina Year Influenced Lower Production, Forage Shortages and Higher Grain Prices](https://feedsoft.ai/events/38160-third-la-nina-year-influenced-lower-production-forage-shortages-and-higher.md) | -2.1% | -0.5% |
| CORN | 2022-07-29 | [Dip in grain prices may linger but prices could strengthen - High Plains Journal](https://feedsoft.ai/events/40511-dip-in-grain-prices-may-linger-but-prices-could-strengthen-high-plains-journal.md) | +2.4% | +3.2% |
| CORN | 2018-05-14 | [Higher feed grain prices pressure cattle feeder market - Canadian Cattlemen](https://feedsoft.ai/events/65129-higher-feed-grain-prices-pressure-cattle-feeder-market-canadian-cattlemen.md) | +1.7% | -1.8% |
| CORN | 2019-05-18 | [Politics lure prices higher — this week in the grain markets - RealAgriculture](https://feedsoft.ai/events/12126-politics-lure-prices-higher-this-week-in-the-grain-markets-realagriculture.md) | +3.2% | +10.8% |

## Sources

- tradingview.com: https://www.tradingview.com/news/urn:summary_document_report:quartr.com:3689377:0-s-o-martinho-higher-ethanol-sales-lifted-revenue-but-rainfall-and-weaker-prices-cut-earnings-and-cane-guidance/

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