Summary: Brazil shipped 2.36 MMT of soybeans this past week (May 06). There were NO Argentine exports. Soybean exports from the US were 503,000 MT. The lineup indicates that Brazil’s May shipments could be 10.69 MMT. Total Brazilian export commitments are 44.12 MMT, the 3rd highest for this week. In the Apr WASDE, the USDA’s projection…
Summary: The lineup of ships waiting or scheduled to load US soybeans is 590,000 MT (21.7 MBU). That is down 28% from the previous week. There were 15 vessels to-be-nominated (TBN). A 45-week low. Next week’s soybean export inspections could be 885,000 MT (32.5 MBU). That would be up 47% from the previous week. USDA raised their…
Summary: The lineup of ships waiting or scheduled to load US corn is 856,000 MT (34 MBU). That is up 12% from the previous week. This week’s corn export inspections could be 1.00 MMT (39 MBU). That would be down 41% from the previous week. There were 15 vessels to-be-nominated (TBN). That’s the smallest number in 42 weeks. The…
Summary: As of May 06, China’s “spot” soybean crushing margin is -181 Yuan/MT, down 23 Yuan from a week ago. The “forward” margin is 3 yuan/MT, up 14 Yuan from a week ago. The forward margin is 422 Yuan above what it was a year ago. Domestic soyoil’s price fell 3.5%. Domestic soymeal price fell 1.9%. In…
Soybean weekly exports were down 1.52 MMT from the previous week. But cumulative soybean exports are up 1.7% from a year ago. USDA projects total global soybean exports to be down 5.6% from a year ago. USDA’s Apr projection was lowered 2.1% from the previous month. Corn weekly exports were down 138,000 MT from the previous…
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