Summary: For the period Aug 24-Aug 30, the ship lineup shows that Brazil exported 1.88 MMT of corn. That is 520,000 MT more than the previous week and it is 1.0 MMT more than what was shipped a year ago. Last week, Argentina exported 816,000 MT and the US exported 355,411 MT. As of…
Summary: Brazil shipped 922,000 MT of soybeans last week. That’s down from the previous week’s 1.09 MMT and 6,000 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 Aug 30, export commitments…
Summary: Next week ’s soybean export inspections are expected to be 985,000 MT (36.2 Mil Bu). If this is correct, that would be up 2% from the previous week. This week’s ship lineup is 1.27 MMT. It is down 22% from last week. There were 26 vessels to-be-nominated (TBN). That is down from last week. This past week there were 9…
Summary: US wheat export commitments are running above last year but below the long-term average for this time of year. In the August WASDE, the USDA pegged 2019/20 “all wheat” exports (grain plus products) at 975 Mil Bu. That’s up 25 Mil Bu from the July projection. ARC is projecting US exports of 950 Mil Bu. …
Summary: US ethanol production rose a modest 1.5% this week. But ethanol stocks slipped 1.6%. Blender demand declined slightly despite increase gasoline consumption. Ethanol producers’ margins on Aug 26 were 17.05 cents/gln, up from the previous week’s 9.39 cents. Blender margins were 3.22 cents, down from the previous week’s 3.73 cents/gln. The spread between Brazilian…
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