Summary: The lineup of ships waiting or scheduled to load US corn is 1.214 MMT (48 MBU). That is up 37% from the previous week. This week’s corn export inspections could be 1.545 MMT (61 MBU). That would be down 4% from the previous week. There were 33 vessels to-be-nominated (TBN). The more vessels that are TBN the…
Summary: US ethanol production was down 0.5%, about as expected. Ethanol stocks rose 2.0%, much more than expected. Gasoline consumption slipped and is 4% less than a year ago. Ethanol producer cash-based margins remain below breakeven (relative to variable and all costs). However, blenders have been enjoying the highest margins in over a decade. California’s gas…
A file is available which has three worksheets for comparing Thursday’s figures for: US March Stocks, US Prospective Plantings, and Comparison of analysts’ estimates as compiled by the different news services and by firm. To obtain the file email: tierney@agresouce.com
Soybean weekly exports were up 345,000 MT from the previous week. And cumulative soybean exports are up 5.4% from a year ago. USDA projects total global soybean exports to be down 3.6% from a year ago. USDA’s Mar projection was lowered 3.9% from the previous month. Corn weekly exports were up 295,000 MT from the previous…
Summary: Brazil shipped 2.81 MMT of soybeans this past week (Mar 25). There were NO Argentine exports. Soybean exports from the US were 629,000 MT. The lineup indicates that Brazil’s March exports could be 13.70 MMT, a record for the month. However the pace of shipments is slow and we expect 1 MMT will not get…
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