Export Inspections from the USDA indicated that 1.336 MMT of soybeans were shipped during the week ending 01/30. From the same report MYTD shipments have reached 971.187 mbu, which is 180.398 mbu more than last year’s pace. China
was unsurprisingly the top destination for soybeans, with 40.8% of the weekly shipment headed to Mainland China. The second largest destination for the week’s exports with a 15.17% market share was the Netherlands. Indonesia is expected to add an additional 30.2% to their biodiesel production through the year as they move toward a higher required blend. Brazil January exports were the lowest since 2017. Data from Brazil’s Trade Ministry had Soybean exports in Jan at 1.49 MMT, meal at 1.06 MMT, and Soy oil at 12,600 MT
When I was a kid we had a number of dogs.
Very few ever caught a rabbit. They could all outrun one just couldn't catch it.
We had this one that caught lots of them.
Anytime a dog got close to one it started
evasive action, the dogs all tried to
follow the zigs and zags. Never worked.
This one dog ignored all the bluster, ziging
And zaging. He just ran a straight line
And as the rabbit did his thing literally
Just reached down and grabbed the rabbit.
These markets make me think of those
rabbits. Don't worry about those annoying
Zigs and zags, they just serve to confuse
and cause ulsers.
Run a straight line and pick it off at an
Opportune time as it baffels the rest of us.