Only 3 MMT Soybeans Left To Book Before Brazil Meet’s USDA’s Export Projection of 79.5 MMT.

Summary:   Brazil shipped 1.80 MMT of soybeans last week. Argentine exports are estimated at 150,500 MT. US export inspections are estimated to be 850,000 MT.  There is 6.60 MMT scheduled to ship in August and 1.59 MMT scheduled for September.  SESEX reported that 10.37 MMT was shipped in July.  The pace of exports would support an increase…

US Ethanol Production Falls. Gasoline Consumption Down 11% From Last Year.

Summary: US ethanol production dropped about 2%.  Ethanol stocks increased fractionally.  Blender demand was estimated to have slipped about 1%.  Futures-based ethanol producer margins on Aug 04 were 34.05 cents/gln, down 3.95 cents from the previous week.  Blender margins were 0.27 cents/gln, down 0.39 from the previous week.  The spread between Brazilian and US ethanol…