As corn prices remain low, new markets are vital. As far as corn goes, your corn-based ethanol is finding a home in export markets around the world. One of them may be unexpected: Brazil. Brazil has long been a user of high-inclusion-rates of ethanol blends in their nation’s fuel supply. But that ethanol has historically been derived from their own domestic sugar cane crop. As the world sugar price has risen, much of that sugar has gone to the world market for sweetener purposes, rather than fuel. This market shift opens up the Brazilian ethanol market for corn-based ethanol to head south. This report provides more information. It comes from the Renewable Fuels Association blog.
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