Summary: Next week’s soybean export inspections could be 1.575 MMT (58 MBU). That would be up 9% from the previous week. This week’s U.S. soybean ship lineup is 1.108 MMT (41 MBU), down 23% from the previous week and a 10-week low. There were 6 vessels to-be-nominated (TBN). That is down 5 from the previous week. USDA left their…
Soybean exports were down 556,000 MT from the previous week. Cumulative soybean exports are up 3.4% from a year ago. USDA projects total global soybean exports to be down 1.6% from a year ago. USDA’s November projection was lowered 128,000 MT from the previous month. Corn exports were down 914,000 MT from the previous week.…
Summary: US ethanol production slipped 1.3% whereas the trade had expected a slight increase. Ethanol stocks were down 1.2%, in line with the trade’s expectations. Gasoline consumption was down 3.2% this week but was up 7% from a year ago. Ethanol margins declined but remained profitable. A U.S. appeals court struck down the EPA’s decision…
Summary: As of Nov 28 China’s “spot” soybean crushing margin was -490 Yuan/MT, down 108 Yuan from the prior week. The “forward” margin was +178 yuan/MT, down 109 Yuan from the prior week. In addition, the forward margin was 272 Yuan below what it was a year ago. Domestic soyoil’s price lost 1.3% this past week. Domestic…
Summary: Brazil shipped 804,000 MT of soybeans this past week (Nov 24). That was down 368,000 MT from the previous. US soybean exports were 1.44 MMT. Argentina shipped NO soybeans last week. The lineup indicates that Brazil’s November shipments “could” be 5.13 MMT. Total Brazilian export commitments are 102.4 MMT, exceeding USDA’s projection of 100 MMT…
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