Summary: US ethanol production was down 5.6%, more than twice the decline that the trade had anticipated. Ethanol stocks were 3.9% lower than the previous week. The trade had expected stocks to be unchanged. Gasoline consumption surged and was up 9% year-over-year. Ethanol margins are improving as ethanol prices are unchanged while corn prices have declined.…
Summary: As of Apr 25, China’s “spot” soybean crushing margin was 58 Yuan/MT, down 302 Yuan from a week ago. However, the “forward” margin was 447 yuan/MT, down 97 Yuan from a week ago. However, the forward margin is 220 Yuan above what it was a year ago. Domestic soyoil’s price dropped nearly 6% this past…
Summary: Last week (Apr 20 — a 6-day week) Brazil exported 46,000 MT of corn, up 4,000 MT from the previous week. Argentine exports were 495,000 MT. Shipments from Ukraine were 905,000 MT. US corn exports were 914,000 MT. Brazil’s total corn export “commitments”, for the local marketing year, are 1.12 MMT vs 1.17 MMT last year. …
Summary: Brazil shipped 2.27 MMT of soybeans this past week (Apr 20 – a 6-day week). That was down 1.21 MMT from the previous week (which was a 8-day week). US exports are estimated to be 625,000 MT. There were NO Argentine exports. The lineup indicates that Brazil’s April shipments could be 14-16 MMT. Total Brazilian…
Summary: This week’s soybean export inspections could be 625,000 MT (23 MBU). That would be up 19% from the previous week. This week’s US soybean ship lineup is 263,000 MT (10 MBU), down 56% from the previous week. There were 29 vessels to-be-nominated (TBN), up 9 from the previous week. USDA left their projection for 2022/23 US exports unchanged…
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?
