Summary: Next week’s soybean export inspections could be 1.835 MMT (67 MBU). That would be up 1.6% from the previous week. This week’s US soybean ship lineup is estimated to be 2.40 MMT (88 MBU), down 7% from the previous week. There were 27 vessels to-be-nominated (TBN). That’s down 4 from the previous week. USDA slashed their projection for…
Soybean exports were down 310,000 MT from the previous week. But cumulative soybean exports are up 1.5% from a year ago but we are just 15 weeks 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.…
Summary: US ethanol production declined slightly and in line with trade expectations. Ethanol stocks jumped 12% whereas the trade was looking for stocks to be up just 1%. +++++++++++++++ US ethanol production totaled 298 Mil Gal, up 2 Mil from the previous week but down 2% from a year ago. Production needs to average 295…
Summary: Brazil shipped just 130,000 MT of soybeans this past week (Jan 20). That was up 74,000 MT from the previous week. There were no Argentine exports last week. US exports were 1.81 MMT. The lineup indicates that Brazil’s January shipments could be 2.00 MMT. Total Brazilian export commitments are 78.55 MMT, the 4th highest for…
Summary: Last week (Jan 20) Brazil exported 1.45 MMT of corn, down 243,000 MT from the previous week. Argentine exports were 287,000 MT. Shipments from Ukraine are estimated to be 595,000 MT. US corn exports are estimated to be 745,000 MT. Brazil’s total corn export “commitments”, for the local marketing year, are 49.00 MMT vs 20.90…
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