Summary: The lineup of ships waiting or scheduled to load US corn is estimated to 308,000 MT (12 MBU). That is down 19% from the previous week. Monday’s export inspections could be 940,000 MT (37 MBU). That would be up 17% from the previous week. There were 20 vessels to-be-nominated (TBN). That’s unchanged from the previous week. April Census exports…
Soybean exports were down 449,000 MT from the previous week. But cumulative soybean exports are up 6.1% from a year ago. USDA projects total global soybean exports to be up 9.1% from a year ago. USDA’s April projection was lowered 0.2% from the previous month. Corn exports were down 554,000 MT from the previous week. And…
Summary: US ethanol production was down 4.5%, much more than the trade had anticipated. The sharp decline was attributed to “Spring maintenance”. With Spring maintenance ramping up, some analysts expect production to fall further. Ethanol stocks were nearly unchanged which is what the trade had expected. Gasoline consumption was up year-over-year for the fourth week…
Summary: Last week (Apr 06 — a 6-day week) Brazil exported 78,000 MT of corn, down 51,000 MT from the previous week. Argentine exports were 126,000 MT. Shipments from Ukraine were 537,000 MT. US corn exports were 805,000 MT. Brazil’s total corn export “commitments”, for the new-crop local marketing year, are 1.00 MMT vs 1.17 MMT last…
A “crib sheet” for the April WASDE is available. To receive a copy of the Excel file with the tables, email tierney@agresource.com
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