Soybean exports were up 113,000 MT from the previous week. And cumulative soybean exports are up 1.2% from a year ago but we are just four month into the international marketing year. USDA projects total global soybean exports to be up 8.9% from a year ago. USDA’s January projection was lowered 1.1% from the previous month.…
Soybean exports were up 113,000 MT from the previous week. And cumulative soybean exports are up 1.2% from a year ago but we are just four months into the international marketing year. USDA projects total global soybean exports to be up 8.9% from a year ago. USDA’s January projection was lowered 1.1% from the previous…
Summary: As of Jan 31, China’s “spot” soybean crushing margin was 362 Yuan/MT, up 95 Yuan from two weeks ago. The “forward” margin is 295 yuan/MT, up 3 Yuan from a week ago. However, the forward margin is 371 Yuan above what it was a year ago. Domestic soyoil’s price rose 0.3%. Domestic soymeal price rose 3.4%.…
Summary: Last week (Jan 27) Brazil exported 1.14 MMT of corn, down 67,000 MT from the previous week. Argentine exports were 159,000 MT. Shipments from Ukraine are estimated to be 900,000 MT. US corn exports are estimated to be 690,000 MT. Brazil’s total corn export “commitments”, for the local marketing year, are 50.35 MMT vs 20.81…
Summary: The lineup of ships waiting or scheduled to load US corn is estimated to 258,000 MT (11.1 MBU). That is down 11% from the previous week. Monday’s export inspections could be 690,000 MT (27.2 MBU). That would be down 5% from the previous week. There were 27 vessels to-be-nominated (TBN). That’s down 4 from the previous week. +++++++++++++++++++++++++++++…
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