Soybean weekly exports were down 630,000 MT from the previous week. But cumulative soybean exports are up 3.9% from a year ago but this is only three weeks into the international marketing year. USDA projects total global soybean exports to be up 9.5% from a year ago. USDA’s October projection was raised 0.6% from the previous…
Summary: US ethanol production rose 0.6%, about what the trade had expected. Ethanol stocks declined slightly whereas the trade was looking for stocks to be up fractionally. Gasoline consumption slipped 3% and is down 9% from a year ago. Corn used for the production of ethanol in September was 383 MBU, down 11% from August and…
Summary: Last week (Oct 28) Brazil exported 1.42 MMT of corn. Argentine exports were 406,000 MT. Shipments from Ukraine are estimated at 500,000 MT. US corn exports were 422,000 MT. Brazil’s total corn export “commitments”, for the local marketing year, are 31.57 MMT vs 14.25 MMT last year. Commitments jumped 1.16 MMT this past week. Ship…
Summary: Brazil shipped 753,000 MMT of soybeans this past week (Oct 28). That was up 32,000 MT from the previous week. Argentine exports were 337,000 MT. US exports were 2.57 MMT. The lineup indicates that Brazil’s October shipments could be 3.62 MMT. Total Brazilian export commitments are 75.374 MMT, the 4th highest for this week. In…
Summary: The lineup of ships waiting or scheduled to load US corn is 172,500 MT (6.8 MBU). That is up 6% from the previous week. Monday’s export inspections could be 220,000 MT (8.7 MBU). That would be down 53% from the previous week. There were 29 vessels to-be-nominated (TBN). That’s down 3 from the previous week. We estimate that…
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