Summary: Last week (Nov 10) Brazil exported 1.90 MMT of corn. That’s up 415,000 MT the previous week. Argentine exports were 93,000 MT. Shipments from Ukraine were 369,000 MT. US corn exports were 609,000 MT. Brazil’s total corn export “commitments”, for the local marketing year, are 46.44 MMT vs 37.11 MMT last year. Brazil’s corn “commitments”…
Summary: Brazil shipped 1.53 MMT of soybeans this past week. That was up 523,000 MT from the previous. US soybean exports are estimated to be 1.925 MMT. Argentina shipped 32,000 MT last week. The lineup indicates that Brazil’s November shipments “could” be 5.57 MMT. Total Brazilian export commitments are 100.73 MMT, slightly exceeding USDA’s projection of…
Summary: Next week’s soybean export inspections could be 1.925 MMT (71 MBU). That would be down 9% from the previous week. This week’s US soybean ship lineup is 2.06 MMT (76 MBU), down 23% from the previous week. There were 9 vessels to-be-nominated (TBN). That is up 6 from the previous week. USDA left their projection for 2023/24 US…
Soybean exports were down 196,000 MT from the previous week. Cumulative soybean exports are up 5.5% 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 256,000 MT from the previous week.…
A “Crib Sheet” for evaluating the November WASDE is available. To receive a copy of the Excel file, email tierney@agresource.com
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