US Inspected 1.286m Tons of Corn for Export, 349k of Soybeans

In week ending May 2, according to the USDA’s weekly inspections report. US Corn, Soybean, Wheat Inspections by Country: May 2 Following is a summary of USDA inspections for week ending May 2 of corn, soybeans and wheat for export, from the Grain Inspection, Packers and Stockyards Administration, known as GIPSA.

U.S. Soy 25% Planted vs. 21% Average

Corn – The 2024 U.S. corn was 36% planted as of Sunday compared to 42% last year and 39% average. This represents an advance of 9% for the week. Corn is 12% emerged compared to 10% last year and 9% average. The corn planting pace has slowed down a bit and planting is now slightly …

Soybeans in Rio Grande do Sul, Brazil Hurt by Flooding

As the soybean harvest in Brazil nears completion, the remaining concern is the situation in the state of Rio Grande do Sul. As outlined in the previous article, heavy rain inundated the state last week, prompting the governor to declare a state of emergency. Before the heavy rains moved in, the soybeans in the state …

Arg/Brzl Soyoil/Soymeal Basis/fob

SOYOIL Basis/Fob vs CBOT:ARGENTINA-May ?/-550(Fob Slr ?/Byr 859.79)JJ ?/-580(?/853.18)Aug-500/-600(876.33/854.28)+48Sep-500/-600(880.30/858.25)+49BRAZIL-Jun-540/-650(862.00/837.75)+13July-520/-580(866.41/853.18)+26Aug-550/-600(865.31/854.28)+15Sep-550/-600(869.27/858.25)+16 ARGN FOB SUNOIL:May Slr 860$/Byr 825 +0$Jun 865$/830 +0 SOYMEAL Basis/Fob vs CBOT:Argntna(46.5%):Jun+20/+10(Fob Slr 444.45$)-2$July+15/NB(438.94)Aug+15/NB(436.73)Sep+15/NB(434.86)Brazil Plt(48%):Jun+10/+6(433.42)July+8/+4(431.22)-2Aug+7/+3(427.91)-5Sep+7/+3(426.04)-3USA Gulf:JJ+25(449.46)-5

GLOBOIL INTERNATIONAL DUBAI PRICE OUTLOOK SESSION:

*Sh.Atul Chaturvedi say:-India Soy Mustard stoks record high-Nafed wud soon turn seller so India SoftOils supply wud soar-India demand very poor so Price rise at risk-PalmOil need to correct to regain demand in India *Sh Sanjiv Asthana/Patanjali Food say:-India demand very poor-Trade long back sidelined in buy in falling prices-Trade stoks declined/can chase buy when …