Summary: US ethanol production declined slightly. Two weeks ago, production set a seasonal high. Ethanol stocks surged up 6.8%. Blender demand was estimated to have dropped more than 8%. Ethanol producer margins on Jan 07 were 7.87 cents/gln, down from the previous week’s 11.00 cents. Blender margins were 3.69 cents/gln, up from the previous week’s…
Summary: China’s “spot” soybean crushing margin today was 74 Yuan/MT, up 42 Yuan from a week ago. The “forward” margin was 104 Yuan/MT, up 14 Yuan from the prior week. The forward margin was 84 Yuan above what it was a year ago. Domestic soyoil prices rose 1.7% and set a 3-year high. However, soymeal prices…
Summary: Last week Brazil exported 500,000 MT of corn. That is 170,000 MT less than the previous week and it is 630,000 MT less than what was shipped a year ago. Last week Ukraine’s exports were 700,000 MT. The US exported 550,000 MT. Argentina exported 215,000 MT. As of Jan 03, Brazil’s total corn export “commitments”…
Summary: Last week, Brazil exported 212,000 MT of soybeans. That’s down from the previous week’s 592,000 MT and it is 307,000 MT less than a year ago. Argentina’s soybean exports were just 40,500 MT. US inspections are expected to be 895,000 MT. As of Jan 03, Brazil’s export commitments were 71.4 MMT, 15.8% less than…
Summary: US ethanol production fell slightly through the week ending Dec 27th. This is mostly seasonal as plants shuttered for the Christmas holiday. However, this also marks a seasonal downtrend in weekly production, and so ethanol’s corn demand draw will be eroding, on the margin, in the weeks ahead. Ethanol stocks last week were down…
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