Summary: The lineup of ships waiting or scheduled to load US soybeans is 213,000 MT (7.8 MBU). That is down 41% from the previous week. There were 25 vessels to-be-nominated (TBN). Next week’s soybean export inspections could be 525,000 MT (19.2 MBU). That would be down 33% from the previous week. USDA raised their projection of US…
Summary: The lineup of ships waiting or scheduled to load US corn is 932,000 MT (37 MBU). That is up 17% from the previous week. This week’s corn export inspections could be 1.35 MMT (53 MBU). That would be up 31% from the previous week. There were 25 vessels to-be-nominated (TBN). That’s up from last week. The more vessels…
Soybean weekly exports were up 122,000 MMT from the previous week. And cumulative soybean exports are up 0.5% 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 516,000 MT from the previous…
Summary: Brazil shipped 2.19 MMT of soybeans this past week (May 06). After several months of no shipments, Argentine exported 10,000 MT of soybeans. Soybean exports from the US were 784,000 MT. The lineup indicates that Brazil’s May shipments could be 14.12 MMT. Total Brazilian export commitments are 49.01 MMT, the 3rd highest for this week. …
Summary: US ethanol production was unchanged whereas the trade had expected a slight increase. Ethanol stocks slipped 1.4% more than what was expected. Gasoline consumption dropped rose 3.8% but is 2% and is down 1% from a year ago. Ethanol producer cash-based margins declined from the previous week and dropped below breakeven (relative to variable and…
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