Thursday, August 4, 2016

U.S. ethanol industry finds sweet deals in Brazil as sugar prices soar

NEW YORK/SAO PAULO (Reuters) - U.S. ethanol plants and traders are rushing to sell biofuel to Brazil as tightening supplies and logistics in the South American market give the world's top producer a rare opportunity to ship south during the peak sugar cane harvest, sources said. U.S. ethanol plants are pumping out a record 1 million barrels per day taking advantage of cheap and plentiful corn feedstock, pushing domestic prices to three-month lows. But they are finding unexpected demand in

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