Brazil’s Old-Crop Corn Exports Expected to be 36.0-36.50 MMT. USDA’s Projects New-Crop Exports of a Near-Record 39.0 MMT.

Summary:  This past week Brazil shipped 105,000 MT of corn. Argentine exports were 213,000 MT.  Ukraine shipped 435,000 MT.  US exports are estimated to have been 1.25 -1.75 MMT.  As of Feb 26, Brazil’s total corn export “commitments” for the local marketing year were 35.44 MMT vs 38.53 MMT last year.  Commitments have accounted for 99.8% of…

Brazil Soybean Shipments Might Be 5.25-5.50 MMT in February. Over 25% of Projected Exports Already Booked.

Summary:   Brazil shipped 2.50 MMT of soybeans this past week. After 16 weeks of no shipments, Argentine soybean exports were 50,000 MT. US export inspections are estimated to be 732,000 MT.  As of Feb 26,  cargo services data indicated that 4.616 MMT had been shipped.  Ship lineup indicates a total of 5.25-5.50 MMT will be…

US Soybean Export Inspections Could Be 26 MBU, Little Changed From Previous Week. Lineup Falls to 32-Week Low.

Summary:  Next week’s soybean export inspections could be 700,000 MT (25.7 Mil Bu).  That would be up 3% from this past week.  This week’s ship lineup is 601,000 MT. That is down 40% from last week and a 32-week low.  There were  26 vessels to-be-nominated (TBN).  That is up sharply from the past few weeks. This past…