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US corn looks for export markets as ethanol demand falls but must compete with cheap Brazilian supplies

April 16, 2020 |

In Louisiana, Platts reports that as demand for ethanol shrinks in response to COVID-19, demand for corn has shrunk as well and is seeking exports markets, which has in turn pushed prices for CIF New Orleans prices for barges falling to the lowest level since August 2017 at just $3.6926 per bushel on Wednesday while CBOT front-month corn futures were $3.1925/bu. Brazilian corn is very competitive right now thanks to the weak Brazilian Real, leaving little room for US corn.

Category: Fuels

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