Actual Demand Likely Higher as Underreporting Tends to Skew Official Production Data

Up 300,000 Barrels per Day from September and 5th Consecutive Monthly Increase

Advance Estimates Suggest a 1H October Cane Crush of 33.86 Million MT in Brazil's Center-South

Apparent* Demand from January-August Slipped 1.6% from a Year Ago

New Order Expectations Fall Ahead of Holiday, But Price Outlook Little Changed

- Just Released U.S. Land Rig Three-Year Forecast -

Advance Estimates Suggest a 1H September Cane Crush of 39.93 Million MT in Brazil's Center-South