The expiration and/or renewal date of the current TRQ for ethanol imports into Brazil is rapidly approaching; the current TRQ expires on 31 August. As we reported on 3 August, Brazil imposed a TRQ on ethanol in 2017. Last year the TRQ volume was increased from 150 million liters per quarter (600 million liters – or 158 million gallons - annually) to 750 million liters (198 million gallons), but it is based on seasonal restrictions:
31 Aug 2019 - 29 Feb 2020: import quota of 200 million liters per quarter
1 March - 30 Aug 2020: import quota of 275 million liters per quarter
The out of quota tariff is 20 percent. The U.S. has had 95 - 98 percent of the ethanol import market share in Brazil since 2017. From 2012 &ndas...
The corn and soy complex closed higher, with the wheat market mixed, as winter wheat closed up but spring wheat and livestock ended lower. Part of the strength for corn and soybeans may have been a weather premium, as crop planting has started out fast but warm weather has been slow to develop...
Real GDP grew at a 2 percent annual rate in the first quarter of 2026, slightly below the consensus expectation of 2.3 percent but above the 0.5 percent growth in Q4 2025. The GDP number matches the average annualized pace of growth since the peak back in late 2007, right before the Financial P...
Reflect for a moment on what you eat. There is a lot of advice out there in the ether about what you should eat, but really, what do you currently eat and how much? The good people at the USDA have some data for you, to help you answer that question. USDA says that we eat quite a bit of meat. L...
