Click here to view the data US corn export inspections could be 575,000 MT (23 MBU) next week. Ship lineup data indicates that 66% of that is destined for China (380,000 MMT – 15 MBU). Based on the pace of inspections this last week, total US AUGUST corn inspections are expected to be 2.55…
Click here to view the data Attached is a table that provides estimates of the latest weekly shipments of wheat, corn and soybeans from principal exporters. Soybean exports were down 123,000 MT from the previous week (a 5-month low) but cumulative exports are up 4.5% from a year ago. USDA projects total global soybean…
Summary: US ethanol production was unchanged this past week. Ethanol stocks declined slightly . Gasoline consumption was up nearly 5% and was 1% ABOVE what it was in 2019. Futures-based ethanol producer margins on Aug 03 were $0.97/gln, down $0.29 from the previous week. Last week saw the highest ethanol margins have been since December 2016. …
Click here to view the data G-3 soybean shipments to China this past week were 1.048 MMT, up slightly from the previous week’s 998,168 MT and more than last year. G-3 cumulative shipments to China are estimated to be 82.69 MMT. That’s a record and up 591,202 MT (0.7%) from a year ago. It’s also…
Summary: Today, Egypt’s GASC purchased 60,000 MT of wheat from Romania for shipment in Sep 24-Oct 04. The average FOB price paid was $261.49 MT. That is up $16.10 MT from the average price paid at last week’s tender. There were only 5 offers (3 Romanian and 2 Russian). The lowest Russian offer was $14…
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