Summary: The lineup of ships waiting or scheduled to load US soybeans is 725,000 MT twice as much as the previous week There were 26 vessels to-be-nominated (TBN). Monday’s soybean export inspections could be 820,000 MT (30 MBU). That would be up 111% from the previous week. USDA left their projection of US exports unchanged at 2,170 MBU vs…
Summary: The lineup of ships waiting or scheduled to load US corn is 142,000 MT (14 MBU). That would be down 60% from the previous week and the smallest in over a year. Next week’s corn export inspections could be 975,000 MT (38 MBU). That would be up 35% from the previous week. There were 26 vessels to-be-nominated…
Soybean weekly exports were down 27,000 MT from the previous week. And cumulative soybean exports are down 0.3% from a year ago. USDA projects total global soybean exports to be down 7.3% from a year ago. USDA’s July projection was lowered 1.6% from the previous month. Corn weekly exports were up 171,000 MT from the previous…
Summary: US ethanol production dropped slightly. Ethanol stocks were down 1%. Gasoline consumption surged 8.6% but was 1% lower than a year ago. Ethanol producer cash-based margins were down slightly from the previous week and unprofitable. ++++++++++++++++ US ethanol production totaled 300 Mil Gal, down 4 Mil from the previous week but up 1% from…
Summary: As of Jul 26, China’s “spot” soybean crushing margin is -339 Yuan/MT, down 15 Yuan from a week ago. The “forward” margin is 187 yuan/MT, up 31 Yuan from a week ago. The forward margin is 497 Yuan above what it was a year ago. It is rare to see such a sharp divergence in…
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