“Crib Sheet” for Sep WASDE Available
A “crib sheet” for evaluating Monday’s Sep WASDE report is available. To receive the spreadsheet, email: tierney@agresource.com
Last Week’s Global Corn and Wheat Exports Were Down But Soybeans Increased.
Soybean weekly exports were up 178,000 MT from the previous week. But cumulative soybean exports are down 2.9% from a year ago. USDA projects total global soybean exports to be down 6.9% from a year ago. USDA’s August projection was lowered 0.1% from the previous month. Corn weekly exports were down 610,000 MT from the previous…
Brazil’s Weekly Soybeans Were 1.15 MMT. September Exports Could Be 3.70 MMT.
Summary: Brazil shipped 1.15 MMT of soybeans this past week (Sep 02). That was up 83,000 MT from the previous week. Argentine exports were 164,000 MT. US exports were 496,000 MT. The lineup indicates that Brazil’s September shipments could be 3.69 MMT. Total Brazilian export commitments are 69.82 MMT, tied as the 3rd highest for this…
Weekly US Corn Export Inspections Could Be 500,000 MT. September Census Exports Could Total 2.90 MMT.
Summary: The lineup of ships waiting or scheduled to load US corn is 159,000 MT (6 MBU). That is down 9% from the previous week. Tomorrow’s corn export inspections could be 500,000 MT (20 MBU). That would be down 27% from the previous week. There were 18 vessels to-be-nominated (TBN). That’s down 62 from the previous week. We estimate…
Over 50% of Brazil’s Projected Corn Exports Have Been Booked.
Summary: Last week Brazil exported 1.60 MMT of corn. Argentine exports were 767,000 MT. Shipments from Ukraine are estimated to be 375,000 MT. US corn exports were estimated to be 500,000 MT. Brazil’s total corn export “commitments”, for the local marketing year, are 22.73 MMT vs 10.14 MMT last year. Commitments rose 1.60 MMT this…
