Morning Call Jun 24th, 2026

NY July 2026 raw sugar rose 7 points this Tuesday, settling at US$ 13.42 c/lb, on a technical correction move, although it still accumulates a 40-point weekly decline.
 

Brazil: hydrous ethanol consumption reached 1.801 billion liters in May (+1.3% YoY), totaling 8.610 billion liters since January (-3.6% YoY), according to ANP data.
 

Brazil: regular gasoline (E30) consumption rose to 3.854 billion liters in May (+1.1% YoY), reaching 19.651 billion liters since January (+3.9% YoY).
 

Brazil: as a result, total Otto-cycle fuel consumption reached 5.115 billion liters in May (+1.2% YoY) in gasoline-equivalent terms, totaling 25.678 billion liters since January (+3.4% YoY).
 

Brazil: in this context, ethanol (hydrous + anhydrous) accounted for 47.3% of Brazil’s Otto-cycle fuel market in May, the highest monthly share since April 2021.
 

Brazil: according to DATAGRO estimates, flex-fuel vehicles fueled with hydrous ethanol reached a 28.6% share in May 2026, stable YoY.
 

Brazil: diesel B15 consumption reached 5.668 billion liters in May (-3.2% YoY), totaling 28.154 billion liters since January (+1.7% YoY).
 

Brazil: the Ministry of Mines and Energy announced that the CNPE meeting scheduled for Wednesday (June 24) was postponed due to scheduling issues, with no new date defined.
 

CS Brazil: according to CTC data, agricultural productivity in the region’s cane fields reached an average of 85.90 mt/ha in May (+5.5% YoY), broadly in line with DATAGRO’s projection of 86.20 mt/ha.
 

CS Brazil: DATAGRO estimates cane field productivity will rise from 75.0 mt/ha in 25/26 to 78.2 mt/ha in 26/27, driven by expectations of better yields in the first third of the crop season.
 

U.S.: the proposal for permanent E15 approval remains stalled in the Senate, keeping uncertainty over domestic ethanol demand expansion and complicating planning for distributors and retailers.
 

U.S.: the legislative impasse also adds noise to the corn and biofuels market, as the agricultural sector continues to push for the measure to support domestic ethanol consumption.