Global Exports of Corn and Wheat Fell Last Week. Soybean Exports Slowly Catching Up to The Pace Needed to Meet USDA’s Projection.

Soybean exports were up 942,000 MT from the previous week.  And cumulative soybean exports are up 4.0% from a year ago. USDA projects total global soybean exports to be up 9.4% from a year ago.  USDA’s March projection was raised  0.6% from the previous month. Corn exports were down  1.41 MMT from the previous week. But…

US Soybean Export Inspections Could Be 885,000 MT (33 MBU). March Census Exports Could Be 3.18 MMT (117 MBU).

Summary:  This week’s soybean export inspections could be 885,000 MT (33 MBU).  That would be up 24% from the previous week. This week’s US soybean ship lineup is estimated to be 612,000 MT (22 MBU), down 38% from the previous week. There were 31 vessels to-be-nominated (TBN), up 2 from the previous week.  USDA raised their projection for 2022/23…

US Corn Export Inspections Could Be 700,000 MT (28 MBU). March Census Exports Could Be 5.04 MMT (200 MBU).

Summary:  The lineup of ships waiting or scheduled to load US corn is estimated to 335,000 MT (13 MBU).  That is up 35% from the previous week.  Monday’s export inspections could be 700,000 MT (28 MBU). That would be down 41% from the previous week. There were 31 vessels to-be-nominated (TBN). That’s up 2 from the previous week. March Census…