Summary: Brazil shipped 346,000 MT of soybeans last week. Argentine exports were 100,000 MT. US export inspections are estimated to be 2.37 MMT. There is 2.50 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 1-2 MMT…
Summary: Monday’s soybean export inspections could be 2.37 MMT (87.1 Mil Bu). That would be up 42% from this past week and the largest in three years.. This week’s ship lineup is 2.872 MMT. That is down 31% from last week. There were 38 vessels to-be-nominated (TBN). That is down slightly from last week. This past…
Summary: US corn export net sales rose 1.225 MMT. Sales were at the midpoint of trade expectations. Corn export commitments are the second highest on record. Commitments to China account for 38% of total cumulative sales. Although “pace analysis” for corn is unreliable at this time (the crop year just started a month ago), export…
US ethanol production through the week ending Oct 2nd totaled 271 Mil Gal, a jump of 12 Mil Gal on the week but down 4% from last year. Weak gasoline use and seasonal plant maintenance has weighed on production since early Sep, but this week’s data implies the return of capacity and a modest uptick…
Summary: Last week Brazil exported 1.08 MMT corn. The US exported 863,995 MT. Argentine exports were 361,000 MT. Ukraine shipped just 12,600 MT. As of Oct 02, Brazil’s total corn export “commitments” for the local marketing year were 23.22 MMT vs 29.50 MMT last year. Commitments have accounted for 68.3% of projected total annual exports. Ship lineup…
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