Gives the lie that exports are whats behinds higher DDG prices since exports for 2017 are BELOW 2016 !
Assuming “normal” South American crops, I suspect we’ll eventually catch up
with predicted corn exports, but I’m not sure about soybeans–depends on China
CORN SHIPMENTS ARE RUNNING AT 56% VS. LAST YEAR VS. USDA FORECAST 84%
SOYBEANS 87.5% 103.5%
WHEAT 93% 95%
CORN EXPORTS ARE RUNNING AT 55% VS. LAST YEAR VS. USDA FORECAST 84%
SOYBEANS 88% 103.5%
WHEAT 94% 95%
China’s Soybean Imports Expected To Hit Another Record High In 2017/18: Lower government support to corn production continues to stimulate Chinese planting of oilseeds, primarily soybeans. As a result, marketing year (MY) 2017/18 soybean acreage is up by +9.8% compared to the previous year. The acreage expansion together with Read More
Soymeal stockpiles held by crushers are rising as crush volume exceeds market demand and as the country will continue to import a large volume of supply May-July, China National Grain and Oils Information Center says in emailed report on Wednesday. Meal stockpiles rose to 875,000 tons by Tuesday, +20% Read More
Canada shipped 415,000 tonnes of canola meal to China from January through August, the most since 2011 and following zero shipments last year, according to Canadian Oilseed Processors Association (COPA). The shipments are worth C$132.1 million. Stronger canola meal demand from China comes as Canadian crushers steadily expand Read More