Distiller grains can go over 2MMT this campaign if the energy matrix doesn't quake

Last month, prices of ethanol decreased in most of the states in Brazil, which is opposite with oil trends. According to IPTL (Ticket Log Price Index in Portuguese) market prices declined 0.36% YoY in the national territory. With this trend, a corn shortfall is expected in the first semester and supplies must remain tight for the entire summer crop, given the failures resulting from climate upheavals that struck the producing regions in the last winter. It eventually caused export transferability window for the summer grains, leaving carryover stocks to the bare minimum. Corn imports from Argentina and US might occur from May.

Despite the consumption awareness for the 'green' energy usage, of which it reflected on growing bio-fuel markets in the Northeast of Brazil and nation wide over the years, the advantage parity remains negative for the Ethanol in terms of octane rating. The method used in this analysis, relies on, discounting factors such as individual autonomy of each vehicle, to make up for filling the tank with ethanol, the value of the liter must be less than 70% of the price of gasoline. Given this, winter corn crop will be determinant to establish good output for the ethanol and its prices, and to maintain their plants to be operationally functional, supporting stillage grains and its by-products outflow.