Articles By Jocelyn Garcia
Export inspections of US corn were up by 94% to 1,102,826 tonnes during the week to Thursday September 19, from the 568,915 tonnes recorded a week earlier, according to USDA data released on Monday September 23.
Canada’s harvest progress continues, with all top growing regions now more than halfway done. Rain received in the recent week helped replenish top soil moisture, as reported in provincial reports released on September 16-17 and collated by Fastmarkets.
The USDA’s cattle on feed report released on Friday September 20 estimated the number of cattle in the nation’s feedlots at 11.2 million head on September 1, in line with market estimates and 1% above last year’s 11.13 million head.
The US hard red spring (HRS) and northern durum wheat harvests are nearing completion, with less than 10% remaining, according to the latest report from the US Wheat Associates (USWA) on Friday September 20.
Corn planting progress in Argentina for the 2024/25 marketing year reached 7.1% of the projected sown area of 6.3 million hectares in the week to Wednesday September 18, according to the Buenos Aires Grains Exchange (BAGE) weekly crop report published on Thursday September 19.
US net sales of corn for the 2024/25 crop year totaled 847,400 tonnes during the week to September 12, according to data released by the USDA on Thursday September 19.
US weekly ethanol production decreased by 31,000 barrels per day to 1.049 million bpd in the week to Friday September 13, the lowest figure since the week ending June 21, according to data published by the US Energy Information Administration (EIA) on Wednesday September 18.
US corn crop ratings were reported at 65% in good-to-excellent condition in the week to Sunday September 15, exceeding analysts' projections, the USDA’s weekly crop progress report showed on Monday September 16.
Export inspections of US corn were down by 38% to 521,118 tonnes during the week to Thursday September 12, below market estimates, according to US Department of Agriculture data released on Monday September 16.
Canada’s Saskatchewan province led the way in harvest progress, with Manitoba and Alberta not far behind, as reported in provincial reports released September 9-10 and collated by Fastmarkets.
Sunflower planting in Argentina advanced by 0.8 percentage points in the week to Wednesday September 11 to 8.3% complete of the projected sown area of 1.85 million hectares, according to the weekly report published by the Buenos Aires Grains Exchange (BAGE) on Thursday September 12.
As anticipated by analysts ahead of the USDA's September World Agricultural Supply and Demand Estimates (WASDE) report update, lower ending stocks are projected in 2024/25, despite larger US production.
US net sales of corn for the 2024/25 crop year totaled 666,500 tonnes during the week to September 5, data released by the USDA showed on Thursday September 12.
Market participants polled by Fastmarkets ahead of the USDA’s September World Agricultural Supply and Demand Estimates (WASDE) report update on Thursday September 12 project that the agency will increase US 2024/25 corn production while lowering old and new crop ending stocks estimates.
Across Canada’s top crop-growing regions, dry and warmer weather helped accelerate harvest progress, as reported in provincial reports collated by Fastmarkets.
Export inspections of US corn were down by 13% to 836,413 tonnes during the week to Thursday September 5, below market estimates, according to USDA data released on Monday September 9.
US net sales of corn fell by 173,100 tonnes for the 2023/24 crop year during the week to August 29, a marketing-year low, data released by the USDA showed on Friday September 6.
The 2024/25 corn sowing has started early in Argentina amid concerns over a lack of rain and the impact of leafhoppers on new crop planted area reduction. The old crop harvest has come to an end, reaching 46.5 million tonnes, reflecting a 25.6% increase from a year earlier, according to the weekly report published by the Buenos Aires Grains Exchange (BAGE) on Thursday September 5.
US weekly ethanol production decreased by 10,000 barrels per day to 1.061 million bpd in the week to Friday August 30, according to data published by the US Energy Information Administration (EIA) on Thursday September 5.
US corn and soybean crop ratings were reported at 65% in good-to-excellent condition in the week to Sunday September 1, while winter wheat planting has started, the USDA’s weekly crop progress report showed on Tuesday September 3.