Summary: As of May 30, China’s “spot” soybean crushing margin was 1 Yuan/MT, down 141 Yuan from the prior week. The “forward” margin was 31 yuan/MT, down 169 Yuan from the prior week. But the forward margin was 101 Yuan above what it was a year ago. Domestic soyoil’s price rose nearly 1% this past week. Domestic…
Summary: Last week (May 26) Brazil exported 168,000 MT of corn last week. That compares to 45,000 MT the previous week. Argentine exports were 241,000 MT. Shipments from Ukraine are estimated to be 301,000 MT. US corn exports were estimated to be 1.31 MMT. Brazil’s total corn export “commitments”, for the local marketing year, are 2.44…
Summary: Brazil shipped 3.02 MMT of soybeans this past week. That was down 538,000 MMT from the previous week. US exports are estimated to be 300,000 MT. Argentine exports were 206,000 MT. The lineup indicates that Brazil’s May shipments “could be” 15.3-15.5 MMT, the 2nd largest figure for any month. Total Brazilian export commitments are 61.50 MMT,…
Summary: This week’s soybean export inspections could be 300,000 MT (8 MBU). That would be up 93% from the previous week. This week’s US soybean ship lineup is 292,000 MT (11 MBU), up 27% from the previous week. There were 18 vessels to-be-nominated (TBN), up 7 from the previous week. USDA left their projection for 2022/23 US exports unchanged at…
Summary: The lineup of ships waiting or scheduled to load US corn is estimated to 653,000 MT (26 MBU). That is down 26% from the previous week. Monday’s export inspections could be 745,000 MT (29 MBU). That would be down 44% from the previous week. There were 18 vessels to-be-nominated (TBN). That’s up 7 from the previous week. May Census…
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