Soybean exports were down 14,000 MMT from the previous week. However, cumulative soybean exports are up 9.8% from a year ago. USDA projects total global soybean exports to be up 9.4% from a year ago. USDA’s June projection was raised 0.1% from the previous month. Corn exports were down 275,000 MT from the previous week. And…
Summary: US ethanol production was unchanged. The trade had expected a decline of 0.7%. Ethanol stocks rose 0.7% from the previous week, whereas the trade was expecting a slight decline. Gasoline consumption declined slightly this past week but was up 4% year-over-year. Ethanol margins surged higher. The AAA projects that Americans will drive a record number of miles…
Summary: Last week (Jun 23) Brazil exported 253,000 MT of corn last week. That compares to 110,000 MT the previous week. Argentine exports were 361,000 MT. Shipments from Ukraine are estimated to be 593,000 MT. US corn exports were 543,000 MT. Brazil’s total corn export “commitments”, for the local marketing year, are 7.34 MMT vs 7.37…
Summary: Brazil shipped 2.81 MMT of soybeans this past week. That was up 25,000 MT from the previous week. US exports are estimated to be 145,000 MT. There were NO Argentine exports last week. The lineup indicates that Brazil’s June shipments “could be” 15.5 MMT, the largest figure ever for June. Total Brazilian export commitments are 72.9 MMT,…
Summary: This week’s soybean export inspections could be 145,000 MT (5 MBU). That would be down 22% from the previous week. This week’s US soybean ship lineup is 122,000 MT (4 MBU), up 7% from the previous week. There were 17 vessels to-be-nominated (TBN), down 7 from the previous week. USDA lowered their projection for 2022/23 US exports by 15…
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