Summary: US ethanol production was unchanged whereas the trade had expected reduction of 1.3%. Ethanol stocks grew by 3%, much more than the trade’s estimate of a 0.6% increase. Gasoline consumption was up 4.6% this week and 7% greater than a year ago. Ethanol margins declined and were at or near breakeven. +++++++++++++++ US ethanol…
Summary: Brazil shipped 957,000 MT of soybeans this past week (Dec 01). That was up 6,000 MT from the previous week. US soybean exports were 984,000 MT. However, just 65,000 MT of soybeans was shipped from Argentina last week. The lineup indicates that Brazil’s December shipments “could” be 4.17 MMT. Total Brazilian export commitments are 103.3…
Summary: Last week (Dec 08) Brazil exported 1.55 MMT of corn. That’s down 865,000 MT the previous week. Argentine exports were 57,000 MT. Shipments from Ukraine were 300,000 MT. US corn exports are “estimated” to have been 700,000 MT. Brazil’s total corn export “commitments”, for the local marketing year, are 51.93 MMT vs 43.00 MMT last…
Summary: Next week’s soybean export inspections could be 700,000 MMT (58 MBU). That would be down 37% from the previous week. This week’s U.S. soybean ship lineup is 1.173 MMT (43 MBU), up 6% from the previous week. There were 7 vessels to-be-nominated (TBN), unchanged from the previous week. USDA left their projection for 2023/24 US exports unchanged at…
Summary: The lineup of ships waiting or scheduled to load U.S. corn is estimated to be 288,000 MT (11 MBU). That is down 5% from the previous week. Next week’s export inspections could be 700,000 MT (28 MBU). That would be down 40% from the previous week which was a 25-week high. There were 7 vessels to-be-nominated (TBN). That’s unchanged…
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