Summary: As of Mar 07, the lineup of ships waiting or scheduled to load U.S. corn is estimated to be 971,000 MT (38 MBU). That is up 7% from the previous week. Next week’s export inspections could be 685,000 MT (27 MBU). That would be down 37% from the previous week. There was one vessel to-be-nominated (TBN). That’s down two…
A “Crib Sheet” for evaluating the March WASDE is available. To receive the Excel file email : tierney@agresource.com
A “Crib Sheet” for evaluating the March WASDE is available. To receive the Excel file email : tierney@agresource.com
Soybean exports were down 119,000 MT from the previous week. Cumulative soybean exports are down 3.7% from a year ago. USDA projects total global soybean exports to be down 0.8% from a year ago. USDA’s February projection was lowered 370,000 MT (0.2%) from the previous month. Corn exports were down 293,000 MT from the previous…
Summary: US ethanol production dropped 1.8% was more than the 0.6% decrease the trade had expected. Ethanol stocks were down a fraction which close to trade expectations. Gasoline consumption was up 6.4% this week and was up 5% from a year ago. Valero has agreed to connect eight of its 12 corn-ethanol plants to the Summit…
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