Articles By Jocelyn Garcia
Export inspections of US corn were down by 23% to 974,677 tonnes during the week to Thursday August 8, below market estimates, according to USDA data released on Monday August 12.
Canada’s top crop-growing regions continued to endure crop damage due to insufficient moisture and increasing heat in the week to August 5-6, although recent thunderstorms have provided some relief, as reported in provincial reports collated by Fastmarkets.
Market participants polled by Fastmarkets ahead of the USDA’s August World Agricultural Supply and Demand Estimates (WASDE) report update on Monday July 12 project that the agency will raise new and old United States corn crop numbers, while slightly lowering global figures.
Sentiment among US agricultural producers rose in July as producers’ perspectives on both current conditions and the future improved, according to Purdue University and CME Group’s Ag Economy Barometer survey released on Tuesday August 6.
US corn crop conditions declined by 1 percentage point in the week to Sunday August 4, while the conditions of other crops overall improved, the USDA’s weekly crop progress report showed on Monday August 5.
Export inspections of US corn were up by 13% to 1.21 million tonnes during the week to Thursday August 1, above analysts' estimates, USDA data released on Monday August 5 shows.
In Argentina, the wheat planting on the estimated 6.3 million hectares for the 2024/25 campaign has concluded, the Buenos Aires Grains Exchange (BAGE) said in its weekly crop report update on Thursday August 1.
Corn consumed for alcohol and other uses in the US totaled 495 million bushels (12.57 million tonnes) in June 2024, down by 3% from the previous month and up by less than 1% year on year, according to the USDA’s monthly Grain Crushings and Co-Products Production report released on Monday August 1.
US weekly net sales of corn totaled 167,900 tonnes for the 2023/24 crop year during the week to July 25, a marketing-year low, according to data released by the US Department of Agriculture (USDA) on Thursday August 1.
US weekly ethanol production increased by 14,000 barrels per day to 1.109 million bpd in the week ended Friday July 26, according to data published by the US Energy Information Administration (EIA) on Wednesday July 31.
Export inspections of US corn were up by 7% to 1.06 million tonnes during the week to Thursday July 25, above the range of analysts' estimates, USDA data released on Monday July 29 showed.
The US wheat harvest is advancing rapidly under hot and dry weather conditions, with the soft red winter (SRW) harvest wrapping up this week, the latest harvest report from the US Wheat Associates (USWA) showed on Friday June 26.
The Wheat Quality Council’s 2024 Hard Red Spring and Durum Wheat Tour in the US concluded on Thursday July 25, revealing that North Dakota is on track to produce record-breaking yields.
Wheat planting advanced by 3.5 percentage points in Argentina to 98.5% of the projected area of 6.3 million hectares during the week to Wednesday July 24, the Buenos Aires Grains Exchange (BAGE) said in its weekly crop report update on Thursday July 25.
US weekly net sales of corn totaled 331,400 tonnes for the 2023/24 crop year during the week to July 18, down by 24% from the previous week and by 29% from the prior four-week average, according to data from the US Department of Agriculture released on Thursday July 25.
US weekly net sales of wheat for the 2024/25 crop year totaled 309,300 tonnes during the week ended July 18, down by 47% from the previous week and by 46% from the preceding four-week average, the US Department of Agriculture said on Thursday July 25.
US corn crop conditions declined by 1 percentage point in the week to Sunday July 21, while soybeans, spring wheat and barley remained steady, the USDA’s weekly crop progress report showed on Monday July 22.
Canada’s top crop-growing regions recorded hot temperatures and limited rain over the past week, prompting crop stress, with concerns growing because warmer conditions are forecast for the week ahead, as reported in provincial reports collated by Fastmarkets.
Export inspections of US corn were down by 11% to 970,539 tonnes during the week to Thursday July 18, within the range of analysts' estimates, data from the USDA released on Monday July 22 showed.