Brazil’s Corn Ethanol Eyes a New Market: Ship Fuel

IBOV 172,471 ▲ 0.78% IPSA 10,969 ▲ 0.42% IPC MEX 68,839 ▲ 1.30% MERVAL 3,352,708 ▼ 0.01% COLCAP 2,386.78 ▲ 1.53% BVL PERÚ 56,321.11 ▲ 7.67% USD/BRL 5.05 ▼ 0.19% USD/MXN 17.20 ▲ 0.01% USD/CLP 890.04 ▼ 1.03% USD/COP 3,490 ▲ 0.00% USD/PEN 3.38 ▼ 0.70% USD/ARS 1,429 ▼ 0.05% USD/UYU 40.35 ▼ 0.47% USD/PYG 6,094 — 0.00% USD/BOB 6.86 ▲ 0.15% USD/DOP 58.69 ▲ 0.02% USD/CRC 452.40 ▲ 0.13% USD/GTQ 7.61 ▼ 0.01% USD/HNL 26.66 ▲ 0.01% USD/NIO 36.62 — 0.00% USD/VES 585.94 ▼ 0.13% USD/PAB 1.00 ▲ 2.27% USD/BZD 2.00 ▲ 1.69% USD/JMD 157.29 ▲ 0.46% USD/TTD 6.76 ▲ 1.44% EUR/BRL 5.86 ▼ 0.28% BRENT 83.16 ▼ 4.77% WTI 80.58 ▼ 5.07% IRON ORE 161.91 — — COPPER 6.49 ▲ 0.89% GOLD 4,374 ▲ 3.78% SILVER 70.77 ▲ 4.28% SOY 1,133 ▲ 1.75% CORN 416.25 ▲ 0.85% WHEAT 588.00 ▲ 0.60% COFFEE 259.15 ▲ 0.76% SUGAR 14.25 ▲ 4.01% ORANGE JUICE 161.35 ▼ 1.19% COTTON 76.76 ▲ 5.24% COCOA 4,009 ▲ 6.09% BEEF 241.98 ▼ 3.16% CATTLE 360.18 ▲ 0.77% LITHIUM 84.07 ▲ 2.06% PETR4 39.40 ▼ 4.32% VALE3 82.36 ▲ 4.03% ITUB4 40.90 ▲ 0.74% BBDC4 17.94 ▲ 0.79% ABEV3 16.74 ▲ 0.78% BBAS3 19.59 ▲ 0.67% B3SA3 15.33 ▲ 0.66% WEGE3 42.77 ▲ 0.38% PRIO3 57.97 ▼ 5.49% SUZB3 42.75 ▲ 2.96% RENT3 41.64 ▲ 2.31% AZZA3 17.41 ▲ 1.28% CSAN3 3.38 ▲ 1.20% RAIZ4 0.43 — 0.00% PCAR3 1.76 ▲ 13.55% GMAT3 4.03 ▲ 1.77% PSSA3 50.39 ▼ 0.20% CVCB3 1.42 ▲ 2.16% POSI3 3.79 ▲ 4.12% SLCE3 14.31 ▲ 0.42% NATU3 8.75 ▲ 2.22% BRKM5 9.23 ▲ 1.43% RANI3 7.96 ▲ 0.13% CSNA3 6.26 ▲ 3.47% CMIN3 4.48 ▲ 4.19% USIM5 11.16 ▲ 2.86% GGBR4 23.76 ▼ 0.50% ENEV3 25.03 ▲ 2.00% NEOE3 33.80 — 0.00% CPFE3 44.54 ▲ 0.27% CMIG4 10.85 ▲ 1.12% EQTL3 38.96 ▲ 0.49% LREN3 15.47 ▲ 0.59% VIVT3 33.92 ▲ 1.16% RAIL3 13.47 ▲ 0.82% KLABIN 17.19 ▲ 1.84% RAIA DROGASIL 17.51 ▲ 0.29% RDOR3 34.53 ▲ 1.32% HAPV3 11.66 ▲ 2.28% FLRY3 15.05 ▼ 0.86% SMTO3 16.08 ▲ 1.77% UGPA3 24.61 ▼ 0.77% VBBR3 29.04 ▼ 0.38% BBSE3 37.84 ▼ 0.08% BPAC11 51.26 ▲ 1.73% CURY3 33.53 ▲ 4.42% AERI3 2.31 ▼ 0.86% VIVARA 21.68 ▲ 1.64% COMPASS 25.82 ▲ 2.10% VAMOS 3.12 ▲ 2.97% SANB11 27.43 ▲ 1.11% ASAI3 8.09 ▼ 0.12% SBSP3 28.14 ▲ 2.18% WALMEX 52.48 ▲ 0.77% GMEXICO 217.64 ▲ 3.79% FEMSA 221.44 ▼ 0.54% CEMEX 22.53 ▲ 0.72% GFNORTE 189.54 ▲ 0.47% BIMBO 59.28 ▲ 1.94% TELEVISA 10.13 ▲ 1.81% AMX 23.62 ▼ 1.09% GAP 421.01 ▲ 3.00% ASUR 301.03 ▲ 4.85% OMA 229.57 ▲ 4.71% KOF 187.00 ▼ 0.52% GRUMA 296.88 ▲ 0.28% KIMBER 37.46 ▼ 0.08% SQM-B 73,791 ▼ 2.26% COPEC 6,146 ▲ 0.42% BSANTANDER 74.50 ▲ 1.22% FALABELLA 6,038 ▲ 1.49% ENELAM 79.39 ▼ 0.23% CENCOSUD 2,310 ▲ 2.76% CMPC 1,071 ▲ 1.04% BANCO CHILE 182.90 ▲ 0.49% LATAM AIR 25.10 ▲ 4.85% YPF 83,400 ▼ 0.36% GGAL 8,210 ▼ 0.73% PAMPA 5,290 ▼ 0.28% TXAR 694.00 ▼ 0.93% ALUAR 1,029 ▲ 0.19% TGS 9,875 ▼ 0.25% CEPU 2,371 ▼ 1.00% MIRGOR 17,150 ▼ 0.72% COME 44.98 ▼ 2.34% LOMA NEGRA 3,750 — 0.00% BYMA 305.50 ▲ 0.74% TELECOM ARG 4,570 ▼ 3.89% ECOPETROL 15.79 ▼ 4.76% BANCOLOMBIA 81.81 ▲ 2.00% GRUPO AVAL 5.38 ▼ 3.06% CREDICORP 371.26 ▲ 0.46% SOUTHERN COPPER 195.01 ▲ 2.75% BUENAVENTURA 34.72 ▲ 3.87% MERCADOLIBRE 1,662 ▲ 4.57% NUBANK 12.46 ▲ 2.17% XP 16.21 ▲ 1.18% PAGSEGURO 9.04 ▲ 0.84% STONE 11.23 ▼ 0.31% GLOBANT 37.85 ▲ 0.96% TECNOGLASS 44.73 ▲ 2.14% GAP AIRPORT 245.14 ▲ 3.48% ASUR 301.03 ▲ 4.85% OMA AIRPORT 106.69 ▲ 4.83% AMX ADR 27.45 ▼ 1.08% FEMSA ADR 129.04 ▼ 0.26% CEMEX ADR 13.11 ▲ 0.96% PETROBRAS ADR 17.48 ▼ 4.92% VALE ADR 16.31 ▲ 3.82% ITAU ADR 8.06 ▲ 0.81% SANTANDER BR 5.49 ▲ 1.20% AMBEV ADR 3.28 ▲ 0.92% CSN 1.26 ▲ 2.87% GERDAU 4.73 ▼ 0.42% LATAM ADR 56.62 ▲ 6.33% BTC 66,862 ▲ 1.75% ETH 1,829 ▲ 6.03% SOL 74.63 ▲ 4.87% XRP 1.27 ▲ 6.82% BNB 626.70 ▲ 1.72% ADA 0.19 ▲ 2.69% DOGE 0.09 ▲ 1.39% AVAX 6.99 ▲ 3.16% LINK 8.50 ▲ 4.08% DOT 1.04 ▲ 4.27% LTC 45.83 ▲ 1.04% BCH 225.02 ▲ 7.14% TRX 0.32 ▼ 0.31% XLM 0.22 ▲ 17.52% HBAR 0.08 ▲ 2.34% NEAR 2.49 ▲ 12.47% ATOM 1.99 ▼ 0.79% AAVE 76.20 ▲ 11.65% SELIC 14.50% — EMBRAER 77.50 ▲ 6.38% EMBRAER ADR 61.41 ▲ 6.25% JBS 12.37 ▼ 1.40% JBS BDR 62.46 ▼ 0.83% MBRF3 15.97 ▼ 0.13% MBRFY 3.10 ▲ 3.33% INTER 5.93 ▲ 2.69% EGX 52,307 ▲ 0.60% USD/ZAR 16.19 ▼ 0.50% USD/NGN 1,356 ▼ 0.27% NIKKEI 69,318 ▲ 4.99% CSI300 4,892 ▲ 2.39% HSI 24,843 ▲ 0.50% NIFTY 23,854 ▲ 0.98% KOSPI 8,546 ▲ 5.20% JCI 6,255 ▲ 4.12% USD/JPY 160.18 — 0.00% USD/CNY 6.7565 ▼ 0.08% DAX 24,910 ▲ 1.12% CAC 8,396 ▲ 0.54% FTSE 10,436 ▼ 0.34% MIB 51,855 ▲ 2.67% IBEX 19,063 ▲ 1.59% STOXX 634.91 ▲ 0.27% EUR/USD 1.1601 ▲ 0.24% GBP/USD 1.3427 ▲ 0.15% SPX 7,572 ▲ 1.90% DJI 51,906 ▲ 1.37% NDX 30,549 ▲ 3.08% RUT 2,977 ▲ 1.91% TSX 35,261 ▲ 0.92% VIX 16.38 ▼ 15.74% USD/CAD 1.3987 — 0.00% US10Y 4.4590 ▼ 0.62% IBOV 172,471 ▲ 0.78% IPSA 10,969 ▲ 0.42% IPC MEX 68,839 ▲ 1.30% MERVAL 3,352,708 ▼ 0.01% COLCAP 2,386.78 ▲ 1.53% BVL PERÚ 56,321.11 ▲ 7.67% USD/BRL 5.05 ▼ 0.19% USD/MXN 17.20 ▲ 0.01% USD/CLP 890.04 ▼ 1.03% USD/COP 3,490 ▲ 0.00% USD/PEN 3.38 ▼ 0.70% USD/ARS 1,429 ▼ 0.05% USD/UYU 40.35 ▼ 0.47% USD/PYG 6,094 — 0.00% USD/BOB 6.86 ▲ 0.15% USD/DOP 58.69 ▲ 0.02% USD/CRC 452.40 ▲ 0.13% USD/GTQ 7.61 ▼ 0.01% USD/HNL 26.66 ▲ 0.01% USD/NIO 36.62 — 0.00% USD/VES 585.94 ▼ 0.13% USD/PAB 1.00 ▲ 2.27% USD/BZD 2.00 ▲ 1.69% USD/JMD 157.29 ▲ 0.46% USD/TTD 6.76 ▲ 1.44% EUR/BRL 5.86 ▼ 0.28% BRENT 83.16 ▼ 4.77% WTI 80.58 ▼ 5.07% IRON ORE 161.91 — — COPPER 6.49 ▲ 0.89% GOLD 4,374 ▲ 3.78% SILVER 70.77 ▲ 4.28% SOY 1,133 ▲ 1.75% CORN 416.25 ▲ 0.85% WHEAT 588.00 ▲ 0.60% COFFEE 259.15 ▲ 0.76% SUGAR 14.25 ▲ 4.01% ORANGE JUICE 161.35 ▼ 1.19% COTTON 76.76 ▲ 5.24% COCOA 4,009 ▲ 6.09% BEEF 241.98 ▼ 3.16% CATTLE 360.18 ▲ 0.77% LITHIUM 84.07 ▲ 2.06% PETR4 39.40 ▼ 4.32% VALE3 82.36 ▲ 4.03% ITUB4 40.90 ▲ 0.74% BBDC4 17.94 ▲ 0.79% ABEV3 16.74 ▲ 0.78% BBAS3 19.59 ▲ 0.67% B3SA3 15.33 ▲ 0.66% WEGE3 42.77 ▲ 0.38% PRIO3 57.97 ▼ 5.49% SUZB3 42.75 ▲ 2.96% RENT3 41.64 ▲ 2.31% AZZA3 17.41 ▲ 1.28% CSAN3 3.38 ▲ 1.20% RAIZ4 0.43 — 0.00% PCAR3 1.76 ▲ 13.55% GMAT3 4.03 ▲ 1.77% PSSA3 50.39 ▼ 0.20% CVCB3 1.42 ▲ 2.16% POSI3 3.79 ▲ 4.12% SLCE3 14.31 ▲ 0.42% NATU3 8.75 ▲ 2.22% BRKM5 9.23 ▲ 1.43% RANI3 7.96 ▲ 0.13% CSNA3 6.26 ▲ 3.47% CMIN3 4.48 ▲ 4.19% USIM5 11.16 ▲ 2.86% GGBR4 23.76 ▼ 0.50% ENEV3 25.03 ▲ 2.00% NEOE3 33.80 — 0.00% CPFE3 44.54 ▲ 0.27% CMIG4 10.85 ▲ 1.12% EQTL3 38.96 ▲ 0.49% LREN3 15.47 ▲ 0.59% VIVT3 33.92 ▲ 1.16% RAIL3 13.47 ▲ 0.82% KLABIN 17.19 ▲ 1.84% RAIA DROGASIL 17.51 ▲ 0.29% RDOR3 34.53 ▲ 1.32% HAPV3 11.66 ▲ 2.28% FLRY3 15.05 ▼ 0.86% SMTO3 16.08 ▲ 1.77% UGPA3 24.61 ▼ 0.77% VBBR3 29.04 ▼ 0.38% BBSE3 37.84 ▼ 0.08% BPAC11 51.26 ▲ 1.73% CURY3 33.53 ▲ 4.42% AERI3 2.31 ▼ 0.86% VIVARA 21.68 ▲ 1.64% COMPASS 25.82 ▲ 2.10% VAMOS 3.12 ▲ 2.97% SANB11 27.43 ▲ 1.11% ASAI3 8.09 ▼ 0.12% SBSP3 28.14 ▲ 2.18% WALMEX 52.48 ▲ 0.77% GMEXICO 217.64 ▲ 3.79% FEMSA 221.44 ▼ 0.54% CEMEX 22.53 ▲ 0.72% GFNORTE 189.54 ▲ 0.47% BIMBO 59.28 ▲ 1.94% TELEVISA 10.13 ▲ 1.81% AMX 23.62 ▼ 1.09% GAP 421.01 ▲ 3.00% ASUR 301.03 ▲ 4.85% OMA 229.57 ▲ 4.71% KOF 187.00 ▼ 0.52% GRUMA 296.88 ▲ 0.28% KIMBER 37.46 ▼ 0.08% SQM-B 73,791 ▼ 2.26% COPEC 6,146 ▲ 0.42% BSANTANDER 74.50 ▲ 1.22% FALABELLA 6,038 ▲ 1.49% ENELAM 79.39 ▼ 0.23% CENCOSUD 2,310 ▲ 2.76% CMPC 1,071 ▲ 1.04% BANCO CHILE 182.90 ▲ 0.49% LATAM AIR 25.10 ▲ 4.85% YPF 83,400 ▼ 0.36% GGAL 8,210 ▼ 0.73% PAMPA 5,290 ▼ 0.28% TXAR 694.00 ▼ 0.93% ALUAR 1,029 ▲ 0.19% TGS 9,875 ▼ 0.25% CEPU 2,371 ▼ 1.00% MIRGOR 17,150 ▼ 0.72% COME 44.98 ▼ 2.34% LOMA NEGRA 3,750 — 0.00% BYMA 305.50 ▲ 0.74% TELECOM ARG 4,570 ▼ 3.89% ECOPETROL 15.79 ▼ 4.76% BANCOLOMBIA 81.81 ▲ 2.00% GRUPO AVAL 5.38 ▼ 3.06% CREDICORP 371.26 ▲ 0.46% SOUTHERN COPPER 195.01 ▲ 2.75% BUENAVENTURA 34.72 ▲ 3.87% MERCADOLIBRE 1,662 ▲ 4.57% NUBANK 12.46 ▲ 2.17% XP 16.21 ▲ 1.18% PAGSEGURO 9.04 ▲ 0.84% STONE 11.23 ▼ 0.31% GLOBANT 37.85 ▲ 0.96% TECNOGLASS 44.73 ▲ 2.14% GAP AIRPORT 245.14 ▲ 3.48% ASUR 301.03 ▲ 4.85% OMA AIRPORT 106.69 ▲ 4.83% AMX ADR 27.45 ▼ 1.08% FEMSA ADR 129.04 ▼ 0.26% CEMEX ADR 13.11 ▲ 0.96% PETROBRAS ADR 17.48 ▼ 4.92% VALE ADR 16.31 ▲ 3.82% ITAU ADR 8.06 ▲ 0.81% SANTANDER BR 5.49 ▲ 1.20% AMBEV ADR 3.28 ▲ 0.92% CSN 1.26 ▲ 2.87% GERDAU 4.73 ▼ 0.42% LATAM ADR 56.62 ▲ 6.33% BTC 66,862 ▲ 1.75% ETH 1,829 ▲ 6.03% SOL 74.63 ▲ 4.87% XRP 1.27 ▲ 6.82% BNB 626.70 ▲ 1.72% ADA 0.19 ▲ 2.69% DOGE 0.09 ▲ 1.39% AVAX 6.99 ▲ 3.16% LINK 8.50 ▲ 4.08% DOT 1.04 ▲ 4.27% LTC 45.83 ▲ 1.04% BCH 225.02 ▲ 7.14% TRX 0.32 ▼ 0.31% XLM 0.22 ▲ 17.52% HBAR 0.08 ▲ 2.34% NEAR 2.49 ▲ 12.47% ATOM 1.99 ▼ 0.79% AAVE 76.20 ▲ 11.65% SELIC 14.50% — EMBRAER 77.50 ▲ 6.38% EMBRAER ADR 61.41 ▲ 6.25% JBS 12.37 ▼ 1.40% JBS BDR 62.46 ▼ 0.83% MBRF3 15.97 ▼ 0.13% MBRFY 3.10 ▲ 3.33% INTER 5.93 ▲ 2.69% EGX 52,307 ▲ 0.60% USD/ZAR 16.19 ▼ 0.50% USD/NGN 1,356 ▼ 0.27% NIKKEI 69,318 ▲ 4.99% CSI300 4,892 ▲ 2.39% HSI 24,843 ▲ 0.50% NIFTY 23,854 ▲ 0.98% KOSPI 8,546 ▲ 5.20% JCI 6,255 ▲ 4.12% USD/JPY 160.18 — 0.00% USD/CNY 6.7565 ▼ 0.08% DAX 24,910 ▲ 1.12% CAC 8,396 ▲ 0.54% FTSE 10,436 ▼ 0.34% MIB 51,855 ▲ 2.67% IBEX 19,063 ▲ 1.59% STOXX 634.91 ▲ 0.27% EUR/USD 1.1601 ▲ 0.24% GBP/USD 1.3427 ▲ 0.15% SPX 7,572 ▲ 1.90% DJI 51,906 ▲ 1.37% NDX 30,549 ▲ 3.08% RUT 2,977 ▲ 1.91% TSX 35,261 ▲ 0.92% VIX 16.38 ▼ 15.74% USD/CAD 1.3987 — 0.00% US10Y 4.4590 ▼ 0.62%