Summary: Next week ’s soybean export inspections are expected to be 500,000 MT (14.1 Mil Bu). If this is correct, that would be up 31% from the previous week. This week’s ship lineup is 608,000 MT. That is up 86% from last week, and it is 28% larger than a year ago. Last week saw the smallest lineup so far this season. There were 18 vessels to-be-nominated…
Summary: This week, old-crop US corn export sales rose 425,300 MT (226,200 MT for new-crop). Old-crop sales were below the low end of the range of industry expectations. In the April WASDE, the USDA lowered their projection of US exports by 100 Mil Bu to 2,300 Mil Bu (vs. last year’s record 2,438 Mil). At…
Summary: China’s “spot” soybean crushing margin today is -182 Yuan/MT, up from its recent multi-year low. The “forward” margin is -14 Yuan/MT vs a week ago when it was -50 Yuan/MT. In addition, the forward margin is 9 Yuan above what it was a year ago. In the Apr WASDE, the USDA left its projection of China’s soybean imports unchanged at 88 MMT. …
Summary: Next week ’s soybean export inspections are expected to be 385,000 MT (14.1 Mil Bu). If this is correct, that would be down nearly 16% from the previous week. This week’s ship lineup is 326,000 MT. That is down 14% from last week, and it is 47% smaller than a year ago. This is also the smallest lineup so far this season. There were 18 vessels…
Summary: US new-crop wheat export sales are running above last year but slightly less than the historical average for this time of year. In the Outlook Conference, USDA pegged 2019/20 “all wheat” exports (grain plus products) at 975 Mil Bu. In the April WASDE, USDA lowered its projection of old-crop wheat exports by 20 Mil…
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