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: Corn, wheat, and the soy complex all formed new contract or at least rally highs to close what has become one of the most uniformly bullish weeks in CBOT history. Escalations in the fighting between Russia and Ukraine and attacks on civilian merchant vessels show n...
The Federal Reserve Board holds an annual meeting in Jackson Hole, Wyoming, each year about this time, and this year’s meeting is now. It’s always a “must-watch” event, but this year, amidst persistent inflation and with a new Fed chairman, Kevin Warsh, it drew additiona...
You cannot escape the vortex of opinions about water scarcity in the Western United States, especially in the drought-stricken Colorado River Basin. Agriculture is the villain in many of these editorials. Agriculture uses too much water, so it should use less, is the refrain. We all wish it was...
