On Friday we commented on Brazil’s livestock and poultry demand potential for DDGS co-produced by the growing trend of corn ethanol production in Brazil. Producers are discovering that DDGS are cheaper than soymeal and help with feeding margins. That afternoon, the economy ministry of Brazil announced that due to high feed prices, it was suspending tariffs on non-Mercosur corn, soybeans, soymeal, and soyoil. Those commodities from the Mercosur block are tariff free, from outside the block they’re subject to the following tariffs:

Corn and soybeans – 8 percent tariff Soymeal – 6 percent tariff Soyoil – 10 percent tariff

The waiver has yet to be published in the Diario Official (it may be tomorrow, 20 Oc...