Brazil’s Weekly Soybean Exports Rising But Still Well Below Last Year. Over 21% of Projected Exports Already Booked.

Summary:   Brazil shipped 1.272 MMT of soybeans last week. Argentine exports were “ZERO” for the fourth month in a row. US export inspections are estimated to be 600,000 MT.  The ship lineup has 7.18 MMT scheduled to load in February.  However, the slow pace of shipments suggests that maybe only 4-5 MMT will actually get…

US Ethanol Production Down, But Ethanol Stocks Up. Production and Stocks Could Be Down Next Week Because of Weather and NG “Sell-Backs”.

Summary: US ethanol production was down 2.5%. However, ethanol stocks were up 2.1%. Gasoline consumption rose this week but is down 6% from a year ago. Futures-based ethanol producer margins on Feb 17 were –62.90 cents/gln, down 18.50 cents from the previous week.  Blender margins were 1.20 cents/gln, up 1.57 cents from the previous week. Some ethanol plants…