Summary: US ethanol production rose 3%. Ethanol stocks were down fractionally 3%. Gasoline consumption surged 5.7% but was 13% lower than a year ago. Ethanol producer cash-based margins were down slightly from the previous week. ++++++++++++++++ US ethanol production totaled 304 Mil Gal, up 9 Mil from the previous week and up 1% from a…
Summary: Last week Brazil exported 997,000 MT of corn. Argentine exports were 946,000 MT. Shipments from Ukraine are estimated to be 217,000 MT. US corn exports were 1.07 MMT. Brazil’s total corn export “commitments”, for the local marketing year, are 12.68 MMT vs 4.00 MMT last year. Commitments jumped 2.13 MMT this past week. Ship lineup…
Summary: Brazil shipped 1.11 MMT of soybeans this past week (Jul 15). Argentine exports were 88,000 MT. US exports are estimated to be 300,000 MT. The lineup indicates that Brazil’s July shipments could be 8.00-8.50 MMT. Total Brazilian export commitments are 63.21 MMT, the 3rd highest for this week. In the July WASDE, the USDA’s projection…
Summary: The lineup of ships waiting or scheduled to load US soybeans is 510,000 MT. There were 21 vessels to-be-nominated (TBN). Monday’s soybean export inspections could be 300,000 MT (11 MBU). That would be down 16% from the previous week. USDA left their projection of US unchanged at 2,170 MBU vs last year’s record 2,261 MBU. ARC projects final…
Summary: The lineup of ships waiting or scheduled to load US corn is 201,000 MT (8 MBU). That is down 47% from the previous week and the lowest in 23 weeks. Next week’s corn export inspections could be 1.155 MMT (45 MBU). That would be up 24% from the previous week. There were 21 vessels to-be-nominated (TBN). That’s down…
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