Click here to view the data G-3 soybean shipments to China this past week were 2.17 MMT, down from the previous week’s 250 MMT and lessr than last year. Oct to late-April G-3 cumulative shipments to China are estimated to be 56.81 MMT. That’s a record and up 4.6 MMT (8.5%) from a year ago.…
Summary: Brazil shipped 2.69 MMT of soybeans this past week. Argentine soybean exports were 137,000 MT. US export inspections are estimated to be 215,000 MT. The ship lineup indicates a record 15.92 MMT will be shipped for the month of April. In the Apr WASDE, the USDA raised its projection for Brazil’s local marketing year…
Summary: As of Apr 23, China’s “spot” soybean crushing margin is -34 Yuan/MT, down 4 Yuan from a week ago. The “forward” margin is -138 yuan/MT, unchanged from a week ago. The forward margin is also 164 Yuan below what it was a year ago. Domestic soyoil’s price rose 3.5% in the past week. Domestic soymeal price…
Click here to view the data Sir/Ms: Attached is a table that provides estimates of the latest weekly shipments of wheat, corn and soybeans from principal exporters. Soybean exports were down 950,000 MT from the previous week but cumulative exports are up 9.2% from a year ago. USDA projects global soybean exports to be up…
Summary: US ethanol production was unchanged this past week. Ethanol stocks were down 0.3%. Gasoline consumption rose this week and is up 71% from a year ago. Futures-based ethanol producer margins on Apr 21 were 6.40 cents/gln, up 20.40 cents from the previous week. Blender margins were -1.43 cents/gln, down 1.78 cents from the previous week. ++++++++++++++++ US…
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