Summary: The lineup of ships waiting or scheduled to load U.S. corn is estimated to be 224,000 MT (9 MBU). That is up 46% from the previous week which was the lowest in 55 weeks. Next week’s export inspections could be 310,000 MT (12 MBU). That would be down 22% from the previous week. There were 14 vessels…
Summary: Last week (Aug 10) Brazil exported 2.31 MMT of corn. That’s up 403,000 MT the previous week. Argentine exports were 268,000 MT. Shipments from Ukraine were 330,000 MT. US corn exports were 398,000 MT. Brazil’s total corn export “commitments”, for the local marketing year, are 21.51 MMT vs 18.73 MMT last year. Brazil’s corn “commitments”…
Summary: US ethanol production rose 4.3% which was more than the 1.1% gain that the trade had expected. Ethanol stocks were up 2.4%, but the trade expected a slight decline. Gasoline consumption dropped 4.8% and was down 5% year-over-year. Ethanol margins declined. It was reported that ethanol stocks are building in Brazil as gasoline has become…
Soybean exports were down 212,000 MT from the previous week. Cumulative soybean exports are up 7.7% from a year ago. USDA projects total global soybean exports to be up 9.8% from a year ago. USDA’s July projection was raised 0.3% from the previous month. Corn exports were up 107,000 MT from the previous week. Cumulative…
Summary: US ethanol production dropped 4.1% which was much more than the 0.5% loss that the trade had expected. Ethanol stocks were unchanged, which is what the trade had expected. Gasoline consumption jumped 5.2% this past week and was up 2% year-over-year. Ethanol margins improved and remain above breakeven. It was reported that Phillips 66 and…
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