Soybean weekly exports were up 71,000 MMT from the previous week. But cumulative soybean exports are down 1.6% from a year ago. USDA projects total global soybean exports to be down 5.4% from a year ago. USDA’s May projection was raised 0.2% from the previous month. Corn weekly exports were up 174,000 MT from the previous week.…
Summary: Today, Egypt’s GASC purchased 465,000 MT of wheat from Romania, Bulgaria, and Russia for shipment in Jul 20- Aug 10. The average FOB price paid was $442.00 MT. That is down $7.50 MT from the average price paid at the tender held seven weeks ago. After capturing all or most of the business from…
Summary: Last week Brazil exported 161,000 MT of corn. Argentine exports were 502,000 MT. Shipments from Ukraine are estimated to be 200,000 MMT. US corn exports are estimated to be 1.60 MMT. Brazil’s total corn export “commitments”, for the local marketing year, are 3.36 MMT vs 0.145 MMT last year. Commitments rose 618,000 MT. Ship lineup…
Summary: Brazil shipped 2.37 MMT of soybeans this past week (May 27). Argentine exports were 30,000 MT . US exports are estimated to be 475,000 MT. The lineup indicates that Brazil’s May shipments could be 10.5 MMT. Total Brazilian export commitments are 51.4 MMT, the 3rd highest for this week. In the May WASDE, the USDA’s…
Summary: The lineup of ships waiting or scheduled to load US soybeans is 70,000 MT or 1 vessel. There were 24 vessels to-be-nominated (TBN). Next week’s soybean export inspections could be 475,000 MT (17.5 MBU). That would be down 18% from the previous week. USDA raised their projection of US exports by 15 MBU to 2,140 MBU, but…
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