Soybean exports were down 1.00 MMT from the previous week. However, cumulative soybean exports are up 9.4% from a year ago. USDA projects total global soybean exports to be up 9.3% from a year ago. USDA’s May projection was raised 0.2% from the previous month. Corn exports were up 954,000 MT from the previous week. But…
Summary: US ethanol production was down a fraction whereas the trade had looked for a 1% increase. Ethanol stocks were 5% lower than the previous week, much more than the trade had expected. Gasoline consumption jumped this past week and was up 7% year-over-year. Ethanol margins slipped. It’s been reported that the EPA has recommended delaying…
Summary: Last week (May 19) Brazil exported 45,000 MT of corn last week. That compares to 95,000 MT the previous week. Argentine exports were 423,000 MT. Shipments from Ukraine are estimated to be 66,000 MT. US corn exports were 1.32 MMT. Brazil’s total corn export “commitments”, for the local marketing year, are 1.97 MMT vs 2.74…
Summary: Brazil shipped 3.40 MMT of soybeans this past week. That was up 325,000 MMT from the previous week. US exports are estimated to be 500,000 MT. Argentine exports were 423,000 MT. The lineup indicates that Brazil’s May shipments “could be” 17.1 MMT, the largest figure for any month. Total Brazilian export commitments are 59.42 MMT, the…
Summary: This week’s soybean export inspections could be 500,000 MT (8 MBU). That would be up 238% from the previous week. This week’s US soybean ship lineup is 231,000 MT (53 MBU), down 42% from the previous week. There were 11 vessels to-be-nominated (TBN), down 5 from the previous week. USDA left their projection for 2022/23 US exports unchanged at…
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