Summary: Last week Brazil exported 1.1 MMT corn. The US exported 636,290 MT. Argentine exports were 555,000 MT. Ukraine shipped 187,000 MT. As of Oct 23, Brazil’s total corn export “commitments” for the local marketing year were 25.85 MMT vs 32.71 MMT last year. Commitments have accounted for 76% of projected total annual exports. Ship lineup data indicates…
Summary: Brazil shipped 404,000 MT of soybeans last week. Argentine exports were 37,000 MT. US export inspections are estimated to be 2.125 MMT. There is 2.45 MMT scheduled to ship from Brazil in October. USDA’s projection of Brazil’s local marketing year exports is 81 MMT. However, “pace analysis” implies final exports could be 1 MMT…
Summary: Today, Egypt’s GASC purchased 165,000 MT of wheat from Russia (for shipment in Dec 01-20). The FOB price paid today is $263.61 MT. That is up $20.84 MT from the price paid at the last tender a month ago. The CIF price paid was $278.51 MT. That is $22.08 MT above the last tender…
Summary: Monday’s soybean export inspections could be 2.125 MMT (78.1 Mil Bu). That would be down 2% from this past week. This week’s ship lineup is 3.81 MMT. That is down 2% from last week. There were 36 vessels to-be-nominated (TBN). That is down from last week. This past week there was 27 vessels (1.83 MMT)…
Summary: US corn export net sales rose 1.83 MMT. Sales were well above trade expectations. Corn export commitments are record large (for this date) Commitments to China account for 36% of total cumulative sales. Although “pace analysis” for corn is unreliable at this time (the crop year just started just six weeks ago), export commitments…
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