Summary: Last week Brazil exported 1.034 MMT of corn. That is 177,000 MT more than the previous week but it is 112,000 MT less than what was shipped a year ago. Last week, Argentina exported 387,000 MT and Ukraine’s exports were 1.03 MMT. The US exported 686,686 MT. As of Dec 13, Brazil’s total corn…
Summary: Last week, in the December WASDE, USDA raised its projection for Brazil’s soybean exports by 2.8 MMT to 72.8 MMT. We think the increase was prompted because official SESEX cumulative exports are running well ahead of exports reported by the provider of global trade data we believe is used by the USDA in tracking…
Summary: China’s “spot” soybean crushing margin today was 43 Yuan/MT, down 17 Yuan from a week ago. The “forward” margin was 83 Yuan/MT, down 6 Yuan from the prior week. The forward margin was 48 Yuan above what it was a year ago. Domestic soyoil prices jumped 3.8% and set a 34-month high. In the December…
Summary: Next week ’s soybean export inspections are expected to be 885,000 MT (32.5 Mil Bu). If this is correct, that would be down 33% from the previous week. This week’s ship lineup is 1.23 MMT. That is down 15% from last week and the smallest in ten weeks. There were 17 vessels to-be-nominated (TBN). That is up from…
Summary: Net sales of 29,200 MT pork was reported for 2019, down 5% from the previous week . For 2020, net sales were 15,600 MT. Export commitments (exports to date plus undelivered sales) for 2019 were 1.734 MMT, up 44% from a year ago. For 2020, export sales are 292,000 MT vs 52,000 MT a…
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