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Ethanol stocks in Brazil's Center-South fell 13.3% year on year by late October, according to the reported data. A separate note in the same report says CTC increased its market share and revenue.
Lower Center-South ethanol stocks tighten near-term supply and can support ethanol prices in Brazil and abroad. Tighter ethanol supply can also pull corn-based ethanol demand and related feed prices in the region.
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.