Summary: China’s “spot” soybean crushing margin today was 227 Yuan/MT, up from the previous week’s 92. Last month saw the highest that the spot margin has been since December 2016. The “forward” margin was 140 Yuan/MT vs last week’s -87. The forward margin was 196 Yuan above what it was a year ago. A month ago, the forward margin fell to its lowest in 4 years. In the…
Summary: For the week ending Aug 24, the ship lineup shows that Brazil exported 910,000 MT corn. That is 200,000 MT more than the previous week but 304,000 MT LESS than what was shipped a year ago. In comparison, US corn exports were 1.25 MMT last week. Brazil’s ship lineup shows that 3.83 MMT are expected to ship in…
Summary: Brazil shipped 1.32 MMT of soybeans last week. That’s down from the previous week’s 1.85 MMT but well above a year ago. Brazil’s export “commitments” rose to 68.09 MMT. This is a record for this date. For comparison, the US shipped 902,000 MT last week. In the August WASDE, USDA pegged Brazil’s exports at 74.10…
Summary: Next week ’s soybean export inspections are expected to be 925,000 MT (34.0 Mil Bu). If this is correct, that would be up 45% from the previous week’s 639,000 MT. This week’s ship lineup is 638,000 MMT. That is down 27% from last week which was the largest in 10 weeks. But, this week’s lineup is nearly unchanged from a year ago. There…
Summary: In their Aug WASDE, the USDA slashed their projection for EU wheat exports by 4.5 MMT to 23.0 MMT (vs 23.5 MMT last year). In recent years, the EU has been the world’s second largest wheat exporter. In 2014/15, the EU exported a record 35.5 MMT. This year, the Former Soviet Union (FSU) is…
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