Mar 15, 2019

U.S. Ethanol Exporters Face More Competition in North Brazil

玉米乙醇在Br起飞azil’s grain heartland of Mato Grosso

U.S. ethanol exporters are likely to face increased competition in one of the few foreign markets where they have been able to deliver large volumes in recent years, the North and Northeast regions of Brazil, an industry association chief said.

Reutersreports that the competition would come in the form of corn-based ethanol common in the United States, not sugar-based ethanol that has traditionally dominated in Brazil.

玉米乙醇在Br起飞azil’s grain heartland of Mato Grosso state, where production is expected to grow more than 50% in 2019 from a year earlier.

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Marketwatch: Mar, 25

US Corn Price Idx:ZCPAUS.CM

open: 7.2563
high: 7.2588
low: 7.1555
close: 7.1953

US Soybean Price Idx:ZSPAUS.CM

open: 16.5697
high: 16.6984
low: 16.4286
close: 16.4672

US Hard Red Winter Wheat Price Idx:KEPAUS.CM

open: 10.2268
high: 10.2859
low: 10.0542
close: 10.0755

US Soft Red Winter Wheat Price Idx:ZWPAUS.CM

open: 10.0954
high: 10.2546
low: 10.0279
close: 10.0854