Chinese Soybean Imports

Chinese trade data released on Thursday showed China’s all-origin imports in June totaled 10.27 MMTs, up 2 MMTs (24%) from last year. The figure again fell well short of expectations based on major exporters’ shipments in the 30-45 days prior. Cumulative exports through June amount to 74.6 MMTs, or 108% of last year. Despite slower-than-expected…

Global Corn Trade Flows

ARC Brazil after analyzing harvest data from the principal safrinha corn belt has raised total Brazilian production to 131.7 MMTs, which is in alignment with USDA’s forecast and a full 6 MMTs above CONAB’s estimate in June. Safrinha harvesting Mato Grosso, by far Brazil’s largest producing state, reached 50% complete last week and is estimated…