Summary: Brazil shipped 1.35 MMT of soybeans this past week. There were 124,000 MT shipped from Argentina. US export inspections are estimated to have been 170,000 MT. The Brazil ship lineup indicates that 8.44 MMT were shipped in July. In the July WASDE, the USDA lowered its projection for Brazil’s local marketing year exports by 1 MMT…
Click here to view the data US corn export inspections could be 1.62 MMT (64 MBU) next week. Ship lineup data indicates that 74% of that is destined for China (1.20 MMT – 47 MBU). Based on the pace of inspections the last four weeks, total US JULY corn inspections are expected to be…
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 150,000 MT from the previous week (a 5-month low) but cumulative exports are up 3.9% from a year ago. USDA projects total global soybean…
Summary: US ethanol production was down slightly this past week. Ethanol stocks rose slightly . Gasoline consumption was down a bit this week but is only 2% less than what it was in 2019. Futures-based ethanol producer margins on Jul 27 were $1.24/gln, up $0.23 from the previous week. This is the highest ethanol margins have…
Summary: Today, Egypt’s GASC purchased 180,000 MT of wheat from Ukraine and Romania for shipment in Sep 20-30. The average FOB price paid was $245.39 MT. That is up $13.51 MT from the average price paid at the last tender two weeks ago. The cheapest Russian offer was $5.50 MT above the lowest Ukrainian offer. …
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