Summary: Last week Brazil exported 177,000 MT of corn. Argentine exports were 816,000 MT. Shipments from Ukraine are estimated to be 182,000 MMT. US corn exports were 1.43 MMT. Brazil’s total corn export “commitments”, for the local marketing year, are 3.61 MMT vs 0.145 MMT last year. Commitments rose 251,000 MT this past week. Ship lineup…
Summary: Brazil shipped 2.05 MMT of soybeans this past week (Jun 03). Argentine exports were 39,000 MT. US exports are estimated to be 255,000 MT. The lineup indicates that Brazil’s May shipments could be 10.2 MMT with June shipments of about 9.7 MMT. Total Brazilian export commitments are 53.47 MMT, the 3rd highest for this week. …
Summary: The lineup of ships waiting or scheduled to load US soybeans is 299,000 MT or 5 vessels. However, there were 21 vessels to-be-nominated (TBN). This week’s soybean export inspections could be 250,000 MT (9.2 MBU). That would be down 34% from the previous week. USDA raised their projection of US exports by 15 MBU to 2,140 MBU, but…
Summary: The lineup of ships waiting or scheduled to load US corn is 920,000 MT (36 MBU). That is down 3% from the previous week. Next week’s corn export inspections could be 1.00 MMT (39 MBU). That would be down 28% from the previous week. There were 21 vessels to-be-nominated (TBN). That’s down 3 from the previous week.. The…
Summary: US ethanol production was up almost 6%, not at all what the trade had expected. Ethanol stocks dropped 3.2%, the opposite of trade expectations. Gasoline consumption rose 2.0% and is down 2% from a year ago. Ethanol producer cash-based margins were up from the previous week and were above breakeven (relative to variable and all costs).…
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