Analysis DATAGRO
NY October 2026 raw sugar contract fell 13 points to US$ 14.75 c/lb, as investors adopt a more cautious stance amid weaker demand and abundant cane supply in CS Brazil.
Oil: Brent advanced 9.6% to US$ 83.30/bbl, the highest level since June 12, amid uncertainties surrounding navigation through the Strait of Hormuz.
Brazil: according to DATAGRO, gasoline prices at Petrobras’ refineries are 28.4% below import parity, while diesel prices show a 37.2% gap.
Brazil: in the week ending July 10, hydrous ethanol prices at the pump were more competitive than gasoline in Acre (70.0%), Bahia (69.2%), Federal District (63.5%), Goiás (64.4%), Mato Grosso (55.2%), Mato Grosso do Sul (61.1%), Minas Gerais (65.7%), Paraná (62.6%), Santa Catarina (69.0%) and São Paulo (58.9%).
Brazil: together, these states represent around 66.5% of Otto-cycle fuel consumption, compared with 54.1% in the same period last year.
Mexico: cane crushing totaled 49.5 mmt in the 25/26 season (+8.2% YoY) until July 4, while sugar production reached 5.31 mmt during the period (+11.4% YoY).
Mexico: of the country's 47 mills, 5 remained in operation in early July, while in 24/25 the last unit had ended crushing on July 2, indicating an extension of crushing activities in the current season.
US: ethanol exports reached 727.6 million liters in May (+0.1% YoY), totaling 3.86 billion liters (+11.6% YoY) in the cumulative 2026 period, according to USITC.
US: Canada remained the main destination for US ethanol, with 1.32 billion liters (34.1%), followed by the Netherlands (17.3%) and Brazil (7.1%).
US: ethanol imports reached 25.28 million liters in May (-47.4% YoY), totaling 193.6 million liters year-to-date (-27.0% YoY), according to USITC.
US: Canada was the main source of imports, with 82.8 million liters (42.8%), followed by Brazil (34.6%) and Guatemala (15.4%).
Agenda para hoje
● DATAGRO Crop Call.
● DATAGRO CBios Report.