Summary: US ethanol production was up 0.5% after falling 1.7%% the previous week. Ethanol stocks jumped 5.6%, the 6th week in a row of increases and record large for this week. Ethanol producer cash-based margins remain below breakeven (relative to all costs). The EPA announced a rule that would give oil refiners more time to comply with…
Soybean weekly exports were up 1.02 MMT from the previous week. But cumulative soybean exports are down 0.1% from a year ago. USDA projects total global soybean exports to be up 3.7% from a year ago. USDA’s Jan projection was lowered 0.1% from the previous month. Corn weekly exports were down 429,000 MT from the previous…
Summary: The lineup of ships waiting or scheduled to load US corn is 412,000 MT (16 MBU). That is down 38% from the previous week. This week’s corn export inspections could be 1.00 MMT (40 MBU). That would be down 10% from the previous week. There were a record 56 vessels to-be-nominated (TBN). The more vessels that…
Summary: Last week Brazil exported 307,000 MT of corn. Argentine exports were 252,000 MT. Shipments from Ukraine are estimated to be 510,000 MT MT. US corn exports are estimated to be 1.00 MMT. Brazil’s total corn export “commitments”, for the local marketing year, are 20.81 MMT vs 35.40 MMT last year. Commitments dropped 71,000 MT…
Summary: Brazil shipped 1.37 MMT of soybeans this past week (Jan 28). There were NO Argentine exports. Soybean exports from the US are estimated to be 1.15 MMT. The lineup indicates that Brazil’s January exports could be a record 3.25 MMT. USDA raised old-crop exports by 1.9 MMT to a record 88.9 MMT. However, the USDA’s projection…
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