WASDE: USDA lowers corn use, raises soybean crush

Today’s WASDE report confirmed the market’s expectation for lower corn utilization for ethanol, which USDA lowered by 25 million bushels, to 5.550 billion bushels. USDA also lowered U.S. corn exports by 75 million bushels, a move that was less expected but not out of [...]

Brazil center-south ethanol sales up as crush winds down ahead of the new campaign

For the 2018/19 April-March center-south cane campaign, crush through mid-February is up 3.6 percent YOY. With the sugar share at 35 percent for the season to date, cumulative sugar production reached 26.36 MMT, down 26.5 percent YOY. Cane ethanol production, meanwhile, is up 19.5 percent [...]

Brazil’s corn exports held steady in December

Brazil exported 4.0 million metric tons (MMT) of corn in December, up just slightly from November and from December 2017. Sep-Dec exports totaled 14.6 MMT, down 21 percent from Sep-Dec 2017. In December, USDA projected Brazil would export 29.0 MMT of corn during 2018/19, [...]

Brazil center-south sugar output down 38.3 percent in second half of December

Center-south cane crush was down 5.7 percent, and ethanol manufacturing was up 7.7 percent. For the season to date, April through December, sugar output is down 26.5 percent at 26.3 MMT due to both a drop in cane crush of 3.6 percent YTD and [...]

Brazil’s late oranges are sizing larger

Fundecitrus’s revised production forecast puts orange production out of Brazil’s citrus belt at 275.7 million 40.8-kg boxes. The estimate represents an increase of 1 percent from the September forecast, and the change is attributed to larger sizing of late-season oranges, which will offset higher [...]