Summary: Next week ’s soybean export inspections could be 600,000 MT (22.0 Mil Bu). That would be up 24% from this past week. We estimate that the weekly average pace needed to meet USDA’s projection is 30 Mil Bu (815,000 MT). This week’s ship lineup is 239,000 MT. That is down 50% from last week. There were 17…
Summary: Today, Egypt’s GASC purchased 114,000 MT of wheat from Russia (for shipment in Aug 16-26). On a FOB basis, the average price paid is estimated to be $211.90 MT. That is up $6.68 MT from the price paid at the last tender. The average CIF price paid was $226.75 MT. That is $7.95 MT…
Summary: As of July 14, China’s “spot” soybean crushing margin was 175 Yuan/MT, up 32 Yuan from the prior week. The “forward” margin was -99 yuan/MT, down 4 Yuan. The forward margin is 56 Yuan above what it was a year ago. Domestic soyoil’s price was up 2.4% from a week ago. Four months ago, soyoil’s…
Summary: Brazil shipped 2.23 MMT of soybeans last week. Argentine exports were 96,000 MT. US export inspections were 483,331 MT. In the July WASDE, the USDA raised the projection for Brazil’s exports by 2.5 MMT to 79.5 MMT. There is 9.05 MMT scheduled to ship from Brazil in July with 2.57 MMT scheduled to ship in…
Summary: Next week ’s soybean export inspections are expected to be 435,000 MT (16.0 Mil Bu). That would be down 27% from this past week. We estimate that the weekly average pace needed to meet USDA’s projection is 27 Mil Bu. This week’s ship lineup is 476,000 MT. That is up 53% from last week. There were 17 vessels…
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