Summary: For the period Aug 31-Sep 06, the ship lineup shows that Brazil exported 980,000 MT of corn. That is 895,000 MT less than the previous week and it is 13,000 MT less than what was shipped a year ago. Last week, Argentina exported 188,000 MT and the US exported 590,013 MT. As of…
Summary: China’s cumulative soybean crush is 6.3% less than a year ago but USDA projects annual crush to be down 5.6%. Crushing margins have improved in recent weeks and soymeal stocks are down 35% from a year ago. Soymeal stocks are near the 5-year low for this week. ++++++++++++++++ This week, the soybean crush 1.90…
Summary: Brazil shipped 955,000 MT of soybeans last week. That’s up from the previous week’s 922,000 MT but 453,000 MT smaller than a year ago. In the August WASDE, the USDA left their projection for Brazil’s exports unchanged at 69.0 MMT (on a Feb-Jan marketing year) – – down 18.0% YoY. As of Sep 06, export commitments…
Summary: Next week ’s soybean export inspections are expected to be 1.275 MMT (46.8 Mil Bu). If this is correct, that would be down 1% from the previous week. This week’s ship lineup is 848,000 MT. It is down 34% from last week. There were 20 vessels to-be-nominated (TBN). That is down from last week. This past week there were 6…
Summary: China’s “spot” soybean crushing margin today was 202 Yuan/MT, up 9 Yuan from a week ago and a 9-month high. The “forward” margin was 252 Yuan/MT, up 55 Yuan from a week ago. The forward margin was 121 Yuan above what it was a year ago. In the August WASDE, the USDA lowered its projections for…
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