Commodities
Biofuel Boost Helps Push Brazil’s Corn to Highest Since 2022
This article is for subscribers only.
Brazil is turning more corn into fuel than ever before, pushing prices of the grain higher and making exports more uncertain for the world’s second-largest supplier.
Local corn prices recently hit the highest since 2022 as ethanol plants are set to process a record amount of grain this season. Consumption should grow even more in the coming years as new plants start up and ethanol demand gets a boost from government programs.