Summary: As of Dec 08, China’s “spot” soybean crushing margin was 570 Yuan/MT, down 237 Yuan from a week ago. The “forward” margin is 321 yuan/MT, down 130 Yuan from a week ago. The forward margin is 18 Yuan below what it was a year ago. Domestic soyoil’s price rose 0.1%. Domestic soymeal price fell 6.3%. In…
Summary: Last week (Dec 02) Brazil exported 1.12 MMT of corn. Argentine exports were 546,000 MT. Shipments from Ukraine are estimated to be 500,000 MT. US corn exports are estimated to be 350,000 MT. Brazil’s total corn export “commitments”, for the local marketing year, are 41.13 MMT vs 18.55 MMT last year. Commitments jumped 1.67…
Summary: The lineup of ships waiting or scheduled to load US corn is estimated to 255,000 MT (10.0 MBU). That is up 18% from the previous week. Monday’s export inspections could be 350,000 MT (13.8 MBU). That would be up 16% from the previous week. There were 21 vessels to-be-nominated (TBN). That’s up 3 from the previous week. +++++++++++++++++++++++++++++ As…
Summary: This week’s US soybean ship lineup is estimated to be 2.793 MMT (103 MBU) down 11% from the previous week. There were 21 vessels to-be-nominated (TBN). Monday’s soybean export inspections could be 2.01 MMT (74 MBU). That would be down about 1% from the previous week. USDA left their projection for 2022/23 US exports unchanged at 2,045 MBU. …
Soybean weekly exports were down 929,000 MMT from the previous week. But cumulative soybean exports are up 0.5% from a year ago but this is two months 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 month.…
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