Started by metmike - June 1, 2021, 12:13 p.m.
By metmike - June 1, 2021, 12:15 p.m.
U.S. #corn export inspections slightly topped expectations last week at more than 2 million tonnes.
About 1.04 mmt corn was inspected for #China. The 2020/21 #wheat marketing year ended Monday, and inspections imply exports may have missed the annual goal.
By metmike - June 4, 2021, 10:03 a.m.
By metmike - June 4, 2021, 10:04 a.m.
Old-crop U.S. #corn sales through May 27 were better than expected with 180kt to Japan (126kt switched from unknown) and 159kt to #China (63.8kt switched).
Exports were 2.13 mmt (1.1 mmt to China). Unknown, Japan, Mexico and Canada bought new-crop corn.
By metmike - June 4, 2021, 10:05 a.m.
U.S. #ethanol output last week hit 1.034M bpd, a post-pandemic high. That lifts the 4-week average over 1M bpd, down 0.8% on the '17-'19 avg for the period.
If this rate continues through August, USDA might have to bump old-crop #corn for ethanol just a bit.