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Brazilian Crude Extends Its Global Reach Ahead of IMO 2020
A particular grade of heavy-sweet crude oil produced by Brazil is in high demand thanks to the International Maritime Organization’s upcoming sulfur cap. The new regulation goes into effect on January 1 and will limit the permissible sulfur content of marine fuels to 0.5 percent, down from its current level of 3.5 percent. As a […]
Tags: bolsonaro, brazil, IMO, ostra, sulfur -
US Corn Export Outlook
With six weeks left in the 2018-19 marketing year, US corn exports are struggling to find their footing as South American loadouts take center stage. US loading marketing year-to-date have totaled 43.60 million tonnes with the USDA now forecasting 2018-19 export demand at 53.34mn tonnes. The US will need to ship 1.62mn tonnes per week […]
Tags: Argentina, brazil, china, corn -
Brazil Corn Exports Ready to Rock
Word that US corn production will be sharply lower this year has spurred talk that the United States will import a significant amount of corn this year from Brazil given FOB spreads between the two countries. Brazil corn was last quoted at about a $17 per tonne discount to US FOB offers in the Gulf […]
Tags: brazil, corn, exports -
Seasonal Trade Flow Shift: Brazil to EU
Brazil is displacing the US as soybean exporter to the EU.
Tags: brazil, Global Grain, global oilseed loadings, latin america, logistics, Soybeans, US Exports -
US Gulf Refiners Work to Mind the Venezuelan Gap
A month and a half have passed since US sanctions restricted exports of Venezuelan crude oil to US refiners. Although the South American country is the biggest loser, refineries on the US Gulf Coast are also affected by US foreign policy.
Tags: brazil, Colombia, us gulf coast, Venezuela, Venezuelan exports -
Challenges remain for Alunorte alumina refinery
The Alunorte refinery in Barcarena, Pará state, in northern Brazil, is not likely to return to full alumina production in the near future. The company cut production after heavy rains in early 2018 raised concerns about leakage from retention ponds and potential contamination to surrounding areas.
Tags: alumina, brazil, mining