# Sao Martinho stock faces lower cane guidance after profit drop

> Brazilian sugar and ethanol producer São Martinho reported second-quarter 2026/27 net income of BRL 50.9 million, down 71% year over year. It lowered its sugarcane-processing outlook by 3.5% to 22.8 million tonnes and reduced its average recoverable sugar estimate by 7.3% to 132.2 kilograms per tonne; it expects its corn ethanol operation to process 495,000 tonnes of corn.

- Date: 2026-11-10 · published 2026-11-10T18:27:33.760Z
- Category: report · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/92281-sao-martinho-stock-faces-lower-cane-guidance-after-profit-drop
- Commodities: [Ethanol](https://feedsoft.ai/c/ETHANOL.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Lower cane throughput and recoverable sugar point to reduced sugar and cane-based ethanol output, potentially tightening those markets. The planned corn-ethanol operation also supports corn demand, but no change to its outlook is reported.

## Read by commodity

- CORN: bullish ▲
- ETHANOL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2017-12-22 | [U.S. livestock: CME live cattle mostly lower after USDA report - Country Guide](https://feedsoft.ai/events/67610-u-s-livestock-cme-live-cattle-mostly-lower-after-usda-report-country-guide.md) | +0.1% | +1.5% |
| CORN | 2025-06-17 | [New balance sheets project lower corn, wheat stocks – AgriNews](https://feedsoft.ai/events/24176-new-balance-sheets-project-lower-corn-wheat-stocks-agrinews.md) | -2.5% | -4.3% |
| CORN | 2018-02-08 | [USDA Lowers Corn Stocks, Prices Rise](https://feedsoft.ai/events/10009-usda-lowers-corn-stocks-prices-rise.md) | +0.2% | +2.3% |
| CORN | 2020-07-09 | [Look for profit, not price in market decisions](https://feedsoft.ai/events/52225-look-for-profit-not-price-in-market-decisions.md) | -5.2% | -6.9% |
| CORN | 2024-07-11 | [Weekly soymeal, beef sales carve new marketing-year lows - Pro Farmer](https://feedsoft.ai/events/5659-weekly-soymeal-beef-sales-carve-new-marketing-year-lows-pro-farmer.md) | -0.9% | -1.6% |

## Sources

- ad-hoc-news.de: https://www.ad-hoc-news.de/boerse/news/nebenwerte/sao-martinho-stock-faces-lower-cane-guidance-after-profit-drop/70483613

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