Summary: This week’s US soybean ship lineup is estimated to be 2.64 MMT (97 MBU) down 5% from the previous week. There were 25 vessels to-be-nominated (TBN). Monday’s soybean export inspections could be 1.765 MMT (65 MBU). That would be up 2.5% from the previous week. USDA left their projection for 2022/23 US exports unchanged at 2,045 MBU. Last…
Soybean weekly exports were down 434,000 MMT from the previous week. And cumulative soybean exports are down 2.0% from a year ago but this is just nine weeks into the international marketing year. USDA projects total global soybean exports to be up 6.4% from a year ago. USDA’s November projection was raised 0.01% from the previous…
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Summary: US ethanol production surged 6%, whereas the trade looked for a slight decline. Ethanol stocks rose 1.5%, opposite of the trade’s expectations for a 0.3% drop. Gasoline consumption is 4% less than a year ago. The EPA proposed a RFS for bioethanol that was about what was expected but the market was HUGELY disappointed…
Summary: Brazil shipped 312,000 MMT of soybeans this past week (Dec 02). That was down 6,000 MT from the previous week. Argentine exports were 102,000 MT. US exports were 1.721 MMT. The lineup indicates that Brazil’s December shipments could be 1.65 MMT. Total Brazilian export commitments are 76.75 MMT, the 4th highest for this week. In…
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