Summary: Next week’s soybean export inspections could be 635,000 MT (23 MBU). That would be up 32% from the previous week. This week’s US soybean ship lineup is 3.05 MMT (112 MBU), up 86% from the previous week. There were 21 vessels to-be-nominated (TBN). That is down two from the previous week. USDA lowered their projection for 2023/24 US…
Soybean exports were down 490,000 MT from the previous week. Cumulative soybean exports are up 8.9% from a year ago. USDA projects total global soybean exports to be up 10.5% from a year ago. USDA’s September projection was raised 1.13 MMT from the previous month. Corn exports were down 623,000 MT from the previous week.…
A “Crib Sheet” for the September Stocks & Small Grain Summary is available. To receive a copy of the Excel file, e-mail tierney@agresource.com Thank you.
Summary: US ethanol production rose 2.8% which was more than the trade had anticipated. Ethanol stocks rose 1.8%, whereas the trade looked for a 1% decline. Gasoline consumption was up 2.5% this week but was 2% lower than a year ago. Ethanol margins rose to their highest level in nearly 22 months. Ethanol supporters slammed…
Summary: Last week (Sep 22) Brazil exported 1.27 MMT of corn. That’s down 752,000 MT the previous week. Argentine exports were 487,000 MT. Shipments from Ukraine were 196,000 MT. US corn exports were 660,000 MT. Brazil’s total corn export “commitments”, for the local marketing year, are 34.45 MMT vs 26.84 MMT last year. Brazil’s corn “commitments”…
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