Rain in São Paulo has slowed sugarcane harvesting and milling, delaying the end of the 2026/27 season and limiting ethanol and sugar availability. From November 2–6, hydrated ethanol averaged R$2.8799 per liter, up 2.36% week over week, while anhydrous ethanol reached R$3.5831 per liter, up 5.39%; white sugar was quoted at R$131.21 per 50-kilogram sack on November 9, up 2.23% since the start of the month.
Weather disruptions to cane processing restrict supplies of ethanol and sugar, underpinning prices even as spot trade and demand are subdued. Continued rain could prolong the supply constraint and support both markets.
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.