Summary: US ethanol production slipped 2.6% which is more than the trade had expected. Ethanol stocks were up 2.2%, which was more than the trade had expected. The Biden administration has already moved to waive E15 from summer volatility requirements last year, allowing its sale in a bid to lower gasoline prices. But a group…
Summary: Last week (Feb 24) Brazil exported 280,000 MT of corn, down 402,000 MT from the previous week. Argentine exports were 160,000 MT. Shipments from Ukraine were 803,000 MT. US corn exports were 573,000 MT. Brazil’s total corn export “commitments”, for the local marketing year, are 48.81 MMT vs 20.81 MMT last year. Brazil’s corn “commitments” declined…
Summary: Brazil shipped just 2.10 MMT of soybeans this past week (Feb 24). That was up 356,000 MT from the previous week. There were no Argentine exports last week. US exports were 691,000 MT. The lineup indicates that Brazil’s February shipments could be 8.30 MMT. Total Brazilian export commitments are 20.52 MMT, the 3rd highest for this week. …
Summary: Next week’s soybean export inspections could be 850,000 MT (31 MBU). That would be down 46% from the previous week. This week’s US soybean ship lineup is estimated to be 322,000 MT (12 MBU), down 46% from the previous week and a 33-week low. There were 32 vessels to-be-nominated (TBN), unchanged from the previous week. USDA left their…
Summary: The lineup of ships waiting or scheduled to load US corn is estimated to 451,000 MT (14.5 MBU). That is up 22% from the previous week. Monday’s export inspections could be 575,000 MT (14.2 MBU). That would be down 7.7% from the previous week. There were 32 vessels to-be-nominated (TBN). That’s down 2 from the previous week.…
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