Summary: The lineup of ships waiting or scheduled to load U.S. corn is estimated to be 346,000 MT (14 MBU). That is down 29% from the previous week. Next week’s export inspections could be 555,000 MT (22 MBU). That would be up 79% from the previous week. There were 11 vessels to-be-nominated (TBN). That’s down 4 from the previous…
Soybean exports were down 420,000 MT from the previous week. Cumulative soybean exports are up 9.9% 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 down 274,000 MT from the previous week. Cumulative…
Summary: US ethanol production was up 2.2% and 21-month high. The trade had expected an decrease of 1.1%. Ethanol stocks rose 0.3% from the previous week, about what the trade was expecting. Gasoline consumption rose 1.0% this past week but was down 3% year-over-year. Ethanol margins slipped but remain above breakeven. The Brazilian government is considering…
Summary: Last week (Jul 21) Brazil exported 1.29 MMT of corn. That’s up 25,000 MT the previous week. Argentine exports were 694,000 MT. Shipments from Ukraine were 187,000 MT. US corn exports are estimated to be 310,000 MT. Brazil’s total corn export “commitments”, for the local marketing year, are 15.7 MMT vs 14.1 MMT last year. …
Summary: The lineup of ships waiting or scheduled to load U.S. corn is estimated to 485,000 MT (19 MBU). That is up 33% from the previous week. Next week’s export inspections could be 420,000 MT (17 MBU). That would be up 15% from the previous week. There were 15 vessels to-be-nominated (TBN). That’s unchanged from the previous week. July Census…
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