Summary: Argentina’s local marketing year for soybeans will begin April 1. Farmer sales of new-crop soybeans for crush and export are both running ahead of last year and at a pace that would exceed USDA’s March WASDE export projection of combined crush + export use of 49.6 MMT. However, most analysts are still lowering their projections…
Summary: This morning Informa released estimates for 2018 crop seedings. Soybean seedings were pegged at 91.477 Mil Ac and corn was estimated to be 88.92 Mil Ac. Informa’s projections have a very slight tendency to over-estimate soybean and corn seedings. In those years that the soybean estimate was too high, the median error was 1.6%. Based…
Summary: Argentina’s local marketing year for corn began Mar 1. So far this month, corn shipments are running above last year. In addition, farmer sales of corn for export are running at a pace that should meet USDA’s March WASDE export projection of 25 MMT. However, some analysts are lowering their estimates for this year’s crop with…
Bottom Line: Today, China’s “spot” soybean crushing margin improved but remained below break-even. The spot margin is -13 Yuan/MT. The “forward” margin is -42 Yuan/MT. However, the forward margin is just 10 Yuan below what it was a year ago. Ship lineup data from the principal soybean exporting countries indicates that China’s March imports could be 6.75-7.25 MMT vs February’s imports…
Summary: For the week ending Mar 16, ship lineups show that Brazil exported 61,000 MT. Since the beginning of the month, ship lineup data shows exports have totaled 178,000 MT. SECEX’s cumulative exports for the first 7 working days of March (out of a total of 22 days) shows exports of 291,000 MT. Ship lineups…
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?
