Summary: Last week Brazil exported 500,000 MT of corn. Argentine exports were to 866,000 MT. Ukraine shipments are estimated to have been just 112,000 MT. US corn exports are estimated to be about 760,000 MT. Brazil’s corn export “commitments” were 13.35 MMT vs 25.85 MMT last year and have accounted for 66.7% of projected exports.…
Summary: The lineup of ships waiting, or scheduled, to load US soybeans is 4.84 MMT (178 MBU). That is up 43% from last week and we believe is the largest on record. Next week’s soybean export inspections could be 2.625 MMT (96.4 MBU), up 14% and the largest in 39 weeks. There were 33 vessels to-be-nominated…
Ukraine’s corn harvest advanced just 10% this past week with only 32% of the area combined. However, Ukraine corn yields are rising and are a record for this stage in the harvest. The cumulative average yield is 6.34 MT/HA (see red line in chart below). That is well above last year’s 4.59 MT/HA (see black…
Summary: This week, US corn export sales were 1.27 MMT. That was towards the high end of the range of trade expectations. Export commitments are 1,151 MBU, slightly larger than a year ago, BUT a new record high. In the October WASDE, the USDA raised their projection of US exports by 25 MBU to 2,500…
Summary: US ethanol production jumped 6.3% this past week and is nearing a 3-year high. Some industry contacts estimate capacity utilization at about 96%. Ethanol stocks rose 1.2%. Gasoline consumption was up 4.8% and about the same as in 2019 (Pre-Pandemic). Futures-based ethanol producer margins on Oct 18 were $1.07/gln, unchanged from the previous week.…
Contact
submission
You have successfully added an item to your cart! You may view the contents of your cart and proceed with checkout, or continue shopping.
Multiuser
subscription
How many users would you like to add?
