ab 17 August 2026 First Read Jalles Machado 1Q27 conference call highlights Neutral call. The company reiterated crushing guidance for 2026/27 but noted upside bias, and expects a 5% drop in unitary costs. (=) JALL is still holding ethanol inventories and sees attractive carry to sell at the off-season looking at the current curve, but if prices continue to improve towards ~R$2.8-2.85/liter the company will evaluate accelerating sales (=) The company continues to maximize ethanol mix in GO units, but in the ...