Summary: US ethanol production slipped nearly 1% this past week However, blender use rose about half-a-percent. Ethanol stocks rose about 1.5%. There have been no ethanol imports since December but some analysts expect that could change this month with perhaps some small imports occurring. ++++++++++++++++++++++++++++++++++++++++ US ethanol production through the week ending last Friday totaled 313 million…
Summary: China’s “spot” soybean crushing margin today was -24 Yuan/MT, down from the previous week’s -7. Four weeks ago saw the highest that the spot margin has been since December 2016. The “forward” margin was -219 Yuan/MT vs last week’s -236. The forward margin was 24 Yuan above what it was a year ago. A month ago, the forward margin fell to its lowest in 4 years. In…
Summary: For the week ending July 27, the ship lineup shows that Brazil exported 400,000 MT corn. That is 188,000 MT LESS than the previous week and 780,000 MT LESS than what was shipped a year ago. In comparison, Argentina’s corn exports last week were 629,000 MT and US corn exports were 1.66 MMT. Brazil’s…
Summary: Brazil shipped 1.37 MMT of soybeans last week. That’s down from the previous week’s 1.95 MMT but more than a year ago. In comparison, US soybean exports last week were .740 MMT. Brazil’s export “commitments” rose to 63.7 MMT. This is a record for this date. In the July WASDE, USDA pegged Brazil’s exports at…
Summary: Next week ’s soybean export inspections are expected to be 700,000 MT (25.7 Mil Bu). If this is correct, that would down slightly from the previous week’s 722,000 MT. This week’s ship lineup is 560,000 MMT. That is down from last week. Also, this week’s lineup is 31% less than it was a year ago. There were 14 vessels to-be-nominated (TBN). That is up…
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