Summary: As of Feb 25, China’s “spot” soybean crushing margin was 391 Yuan/MT, up 72 Yuan from the previous week. However, the “forward” margin was 251 yuan/MT, down 73 Yuan. The forward margin is 205 Yuan above what it was a year ago. Domestic soyoil’s price jumped 6.6% in the past week. This sets a new…
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 up 406,000 MT from the previous week and cumulative exports are up 8.3% from a year ago. USDA projects global soybean exports to be up…
US ethanol production and stocks through the week ending Feb 19 collapsed as bitterly cold temperatures weighed heavily upon miles driven across nearly the entire country. Gasoline disappearance last week totaled just 7.2. million barrels per day, vs. 8.4 million the previous week and the lowest since national lockdowns were in place in spring 2020.…
Summary: Last week Brazil shipped 28,000 MT of corn. Argentine exports were 252,000 MT. Ukraine shipped 621,000 MT. US exports were 1,232,000 MT. As of Feb 19, Brazil’s total corn export “commitments” for the local marketing year were 35.40 MMT vs 38.77 MMT last year. Commitments have accounted for 99.7% of projected total annual exports. Ship lineup data…
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