Summary: For the period Jul 20-Jul 26, the ship lineup shows that Brazil exported 1.80 MMT of corn. That is 248,000 MT more than the previous week and it is 1.36 MMT more than what was shipped a year ago. For comparison, US export inspections last week were 645,000 MT. Argentina’s exports were 1.06…
Summary: Brazil shipped 941,000 MT of soybeans last week. That’s down from the previous week’s 1.23 MMT and 285,000 MT smaller than a year ago. For comparison, US export inspections last week were 1.03 MMT. Argentina’s exports were 407,000 MT last week. In the July WASDE, the USDA left their projection for Brazil’s exports unchanged at 69.0…
Summary: Next week ’s soybean export inspections are expected to be 780,000 MMT (28.7 Mil Bu). If this is correct, that would be up 39% from the previous week. This week’s ship lineup is 1.772 MMT. That is up 11% from last week, and nearly three times larger than a year ago. There were 34 vessels to-be-nominated (TBN). That is unchanged from…
Summary: In the Jul WASDE, USDA lowered their projection for this year’s Russian wheat yield to 2.82 MT/HA (41.97 Bu/Ac). That’s down 4.1% from the previous projection but up 3.7% more than last year’s yield of 2.72 MT/HA (40.46 Bu/Ac). The most recent Russian harvest report shows this year’s yields are a bit lower lower than they were a…
Summary: US ethanol production slipped 2.6%. Ethanol stocks grew 1.4%, rising for the fourth week in a row. Blender demand is estimated to have risen 3%. Ethanol producers’ margins on Jul 22 were 2.6 cents/gln, down from the previous week’s 10.80 cents. Blender margins were 3.63 cents, down from the previous week’s 3.72 cents/gln. The…
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