Summary: The lineup of ships waiting or scheduled to load US corn is 163,000 MT (6.4 MBU). That is down 29% from the previous week. Monday’s export inspections could be 440,000 MT (17.3 MBU). That would be up 2% from the previous week. There were 33 vessels to-be-nominated (TBN). That’s down 1 from the previous week. We estimate that…
Summary: The lineup of ships waiting or scheduled to load US soybeans declined slightly from the previous week’s 7-year high. This week’s lineup is 4.71 MMT (173 MBU) down 7% from the previous week. There were 33 vessels to-be-nominated (TBN). Monday’s soybean export inspections could be 2.275 MMT (84 MBU). That would be up 21% from the previous…
Soybean weekly exports were up 1,000 MT from the previous week. But cumulative soybean exports are down 17.8% from a year ago but this is only two 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 surged 9.1%, well above the range of trade estimates. Ethanol stocks declined fractionally, whereas the trade was looking for stocks to be up fractionally. Gasoline consumption rose nearly 5% but is down 10% from a year ago. Despite the announcement that OPEC+ would cut production, crude oil futures have slipped nearly…
Summary: Brazil shipped 493,000 MMT of soybeans this past week (Oct 14). That was down 337,000 MT from the previous week. Argentine exports were 378,000 MT. US exports are estimated to be 1.882 MMT. The lineup indicates that Brazil’s October shipments could be 4.01 MMT. Total Brazilian export commitments are 73.94 MMT, the 4th highest for…
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