StoneX forecasts a 5.4% increase in sugarcane crushing in Brazil's Center-South region for the 2023/24 harvest, reaching 587.6 million tons. The average productivity of sugarcane fields is expected to rise by 5% to 76.1 t/ha. However, the total recoverable sugar concentration in crops is predicted to slightly decrease due to increased humidity. The Center-South is expected to produce 35.6 million tons of sugar and 26.3 billion liters of sugarcane ethanol in the 2023/24 season. Corn ethanol production is anticipated to grow by 22.2% to 5.5 billion liters. Overall, the region's total production is projected to increase by 7.8% to 31.8 billion liters.