Summary: US ethanol production was up about 5% this past week. Ethanol stocks rose fractionally but remain at the lowest since Winter 2016 . Gasoline consumption jumped 4.8% and is down just 2% from 2019. Blender demand was up 5%. Futures-based ethanol producer margins on May 17 were 19.6 cents/gln, up 89 cents from the previous week. …
Summary: Brazil shipped 3.00 MMT of soybeans this past week. Argentine soybean exports were 209,000 MT. US export inspections were 309,000 MT. The ship lineup indicates that 16.2 MMT could be shipped for the month of May. In the May WASDE, the USDA raised its projection for Brazil’s local marketing year exports by 200,000 MT…
AgResource Farm Marketing Advice for Wednesday: 1/ No new advice. A ‘The trend is your friend’ mentality prevails at the CBT, with corn, soy and wheat futures shedding additional premium as needed heavy rain looks to fall across the US Northern Plains and Canadian Prairies Thurs-Sat. The arrival of very late season rain in Southern…
Click here to view the data Sir/Ms: Attached is a table that provides estimates of the latest weekly shipments of wheat, corn and soybeans from principal exporters. Soybean exports were down 305,000 MT from the previous week but cumulative exports are up 5.7% from a year ago. USDA projects global soybean exports to be up…
