Summary: Brazil shipped 3.10 MMT of soybeans last week. That is 587,000 MT more than the previous week and 1.21 MT above a year ago. Argentine exports were 352,000 MT. US export inspections are estimated to be 295,000 MT. In the May WASDE, the USDA raised their projection for Brazil’s exports by 0.5 MMT to…
Summary: Next week ’s soybean export inspections are expected to be 295,000 MT (10.8 Mil Bu). That would be down 26% from this past week. This week’s ship lineup is 448,000 MT. That is up 100% from last week. Three months ago saw the lowest lineup in nearly 4 years. There were 31 vessels to-be-nominated (TBN). That is up from last…
Summary: This week, US old-crop soybean export sales rose 495,200 MT. Sales were below the low end of the range of expectations and were down 36% from the 4-week average. Despite commitments to China being 51 Mil Bu larger than a year ago, total export commitments are 152 Mil Bu (9%) below a year ago.…
Summary: In their May WASDE, the USDA raised their projection for 2019/20 EU wheat exports by 1.5 MMT to 35.0 MMT (vs 23.3 MMT last year). In recent years, the EU has been the world’s second largest wheat exporter. In 2014/15, the EU exported a record 35.5 MMT. This year, the Former Soviet Union (FSU)…
Summary: US ethanol production continues to rally as additional plants resume operation and as weekly inventories have fallen to meet the levels of last year. Additional production growth lies ahead. However, there is some concern over the slow recovery in weekly gasoline disappearance. The USDA’s old crop domestic corn use forecast remains substantially overstated. ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++…
