Summary: Last week (Mar 10) Brazil exported 72,000 MT of corn, down 216,000 MT from the previous week. Argentine exports were xxx,000 MT. Shipments from Ukraine were 1.30 MMT. US corn exports were 999,000 MT. Brazil’s total corn export “commitments”, for the new-crop local marketing year, are 902,000 MT vs 0.00 MT last year. Brazil’s corn “commitments”…
Summary: Brazil shipped just 2.92 MMT of soybeans this past week (Mar 10). That was up 38,000 MT from the previous week. There were no Argentine exports last week. US exports were 619,000 MT. The lineup indicates that Brazil’s March shipments could be 15.3 MMT. However, it’s likely that 1-2 MMT of this will eventually get rolled over…
Summary: This week’s soybean export inspections could be 500,000 MT (18 MBU). That would be down 8% from the previous week. This week’s US soybean ship lineup is estimated to be 651,000 MT (24 MBU), down 12% from the previous week. There were 27 vessels to-be-nominated (TBN), up 1 from the previous week. USDA raised their projection for 2022/23…
Summary: The lineup of ships waiting or scheduled to load US corn is estimated to 534,000 MT (21 MBU). That is down 32% from the previous week. Monday’s export inspections could be 1.22 MMT (48 MBU). That would be up 36% from the previous week and a 37-week high. There were 27 vessels to-be-nominated (TBN). That’s up 2 from…
A “Crib Sheet” for evaluating the March WASDE is available. To receive the Excel file, email : tierney@agresource.com
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