Summary: US ethanol production dropped 5.3% whereas the trade had expected decline about half as much. Ethanol stocks rose fractionally from last week’s 8-month high. The trade had expected a 1.2% increase in stocks. Gasoline consumption was up 4.9% this week and was 6% more than a year ago. Some ethanol analysts fear that ethanol stocks…
Soybean exports were up 66,000 MT from the previous week. Cumulative soybean exports are up 0.78% from a year ago. USDA projects total global soybean exports to be down 0.5% from a year ago. USDA’s December projection was raised 2.00 MMT (1.2%) from the previous month. Corn exports were down 1.36 MMT from the previous…
Summary: Brazil shipped 1.05 MMT of soybeans this past week (Dec 29). That was up 197,000 MT from the previous week. US soybean exports are estimated at 962,000 MT. However, only 12,000 MT were shipped from Argentina. The lineup indicates that Brazil’s December shipments “could” be 4.10 MMT. Total Brazilian export commitments are 105.0 MMT, exceeding…
Summary: Last week (Dec 29) Brazil exported 1.42 MMT of corn. That’s up 417,000 MT the previous week. Argentine exports were 461,000 MT. Shipments from Ukraine were 256,000 MT. US corn exports are “estimated” to have been 400,000 MT. Brazil’s total corn export “commitments”, for the local marketing year, are 53.56 MMT vs 46.51 MMT last year. …
Summary: The lineup of ships waiting or scheduled to load U.S. corn is estimated to be 468,000 MT (18 MBU). That is up 56% from the previous week. Next week’s export inspections could be 400,000 MT (16 MBU). That would be down 63% from the previous. There were 6 vessels to-be-nominated (TBN). That’s one less than the previous week. December Census…
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