US Soybean Ship Lineup Up Slightly. Inspections Expected to Be Unchanged Next Week at 1.2 MMT.

Summary:  Next week ’s soybean export inspections are expected to be 1.20 MMT (44.1 Mil Bu).   If this is correct, that would be unchanged from the previous week.  This week’s ship lineup is 1.274 MMT.  That is up 17% from last week.  There were 32 vessels to-be-nominated (TBN).  That is down from last week which was a record for this…

China’s Soybean Crush Margins Higher. Soyoil Retreats Further from Recent 35-Month High, Soymeal Continues Lower.

Summary: China’s “spot” soybean crushing margin today was 64 Yuan/MT, up 34 Yuan from a week ago.  The “forward” margin was 101 Yuan/MT, up 28 Yuan from the prior week.  The forward margin was 73 Yuan above what it was a year ago.  Domestic soyoil prices was down 2.4% from last week.  Soymeal’s price was down…

Brazil’s Old-Crop Corn Exports Should Come Close to USDA’s 42.0 MMT Projection.

Summary:  Last week Brazil exported 378,000 MT of corn.  Ukraine’s exports were 866,000 MT.  The US exported 345,859 MT.   Argentina’s export data website is offline. As of Jan 17, Brazil’s total corn export “commitments” for the 2019/20 marketing year were 38.42 MMT vs 24.00 MMT last year.  Commitments have accounted for 91.5% of projected total…

SESEX Jan Soybean Exports Higher Than Cargo Shipments So Far. Old-Crop Soy Exports Should Come Close to USDA’s 74.1 MMT Projection.

Summary:  Last week, Brazil exported just 123,000 MT of soybeans.  That’s down from the previous week’s 355,000 MT and it is 70,000 MT less than a year ago. Argentina did not publish export data for last week. US inspections are expected to be 965,000 MT.  As of Jan 17, Brazil’s export commitments for old-crop soybeans…