Summary: Brazil shipped 1.65 MMT of soybeans last week. That’s down from the previous week’s 2.0 MMT and less than a year ago. Brazil’s export “commitments” rose to 61.9 MMT. This is a record for this date. In the July WASDE, USDA pegged Brazil’s exports at 73.20 MMT (on a Feb-Jan marketing year). That is up 500,000…
Summary: Next week ’s soybean export inspections are expected to be 650,000 MT (23.9 Mil Bu). If this is correct, that would be upslightly from the previous week’s 635,000 MT. This week’s ship lineup is 611,000 MMT. That is up slightly from last week. However, this week’s lineup is 23% less than it was a year ago. There were 11 vessels to-be-nominated (TBN). That is…
Summary: US ethanol production rose nearly 3% this past week, more than what some analysts had expected. However, blender use declined whereas some had expected it to increase. Surprisingly, ethanol stocks dropped 2.8% which suggests that the previous week’s jump in stocks was in preparation for an export program this week. ++++++++++++++++++++++++++++++++++++++++ US ethanol production through the…
Summary: USDA is projecting this year’s Russian wheat yield will be 2.63 MT/HA (39.11 Bu/Ac). That’s down 4% from the previous projection and down 15.4% from last year’s record yield of 3.11 MT/HA (46.24 Bu/Ac). The most recent Russian harvest report shows this year’s yields are sharply lower than a year ago. In the past week,…
Summary: China’s “spot” soybean crushing margin today was +76 Yuan/MT, down from the previous week’s +145. Two weeks ago saw the highest that the spot margin has been since December 2016. The “forward” margin was -154 Yuan/MT vs last week’s –133. The forward margin was 25 Yuan below what it was a year ago. A month ago, the forward margin fell to its lowest in 4 years. In…
Contact
submission
You have successfully added an item to your cart! You may view the contents of your cart and proceed with checkout, or continue shopping.
Multiuser
subscription
How many users would you like to add?
