Key Takeaways:
Brazil has been the second-largest producer of fuel ethanol globally, but almost all of it was derived from sugarcane until recently. Corn ethanol production has increased due to expanded second-crop corn production, sugarcane storage limitations, and biofuel policy. Brazil is expanding anhydrous ethanol blends as its vehicles are mostly designed as flex-fuel vehicles, which can operate effectively at higher anhydrous ethanol blends or with 100 percent hydrous ethanol. Brazil’s expanding biofuel production is a result of its RenovaBio policy, which introduced the trading of decarbonization credits (CBIOs). Brazil’s Fuels of the Future Law, passed in 2024, enhanced its commitment to biofuels, particularly SAF and...
What You Need to Know Today: The U.S. dollar continued to strengthen Thursday as persistent inflation reinforced expectations for additional Federal Reserve interest rate hikes. Higher Treasury yields have helped support the dollar, potentially reducing the competitiveness of U.S. agricultural...
In yesterday’s WASDE, USDA reduced its overall red meat and poultry production forecast for 2026 as declines in beef and broiler output more than offset increases in pork and turkey production. Fourth-quarter beef production was revised downward because of slower fed cattle marketings and...
Key Takeaways: Dry bulk freight markets were stronger this week, but the rally was uneven and due to divergent dynamics across basins and vessel classes. Panamax markets were broadly higher, but Atlantic grain demand was primarily responsible while Asian activity was subdued. That trend...
