Articles By Jocelyn Garcia
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.
The USDA’s cattle on feed report released on Friday July 19 estimated the number of cattle in the nation’s feedlots at 11.3 million head on July 1, in line with market estimates and 1% above last year’s 11.24 million head.
US Gulf corn, wheat and soybean export prices to Mexico rose during May, with wheat having the biggest increase month on month and year on year, a monthly report by the Mexican Agricultural and Fisheries Information Service (SIAP) showed on Friday July 19.
Wheat planting in Argentina for the 2024/25 crop year advanced by 2.1 percentage points to 95% of the projected area of 6.3 million hectares during the week to Wednesday July 17, the Buenos Aires Grains Exchange (BAGE) said in its weekly crop report update on Thursday July 18.
US weekly net sales of corn totaled 437,800 tonnes for the 2023/24 crop year during the week to July 11, down by 19% from the previous week and by 10% from the prior four-week average, according to data from the US Department of Agriculture released on Thursday July 18.
US weekly ethanol production increased by 52,000 barrels per day to 1.106 million bpd in the week ended July 12, the highest level since the week ended December 22, 2023, according to data published by the US Energy Information Administration (EIA) on Wednesday July 17.
Export inspections of US corn increased by 5% to 1,078,911 tonnes during the week to Thursday July 11, near the top range of analysts' estimates, data from the USDA released on Monday July 15 showed.
Canada's top crop-growing regions recorded variable rain over the week but overall drier conditions were reported, revealing poorer topsoil and subsoil conditions following excessive showers last week, as reported in local provincial reports collated by Fastmarkets.
The USDA expects larger supplies, higher consumption, more exports and lower ending stocks for the US 2024/25 new corn crop compared with June’s projections, according to the agency’s monthly update to its influential World Agricultural Supply and Demand Estimates (WASDE) report on Friday July 12.
US weekly net sales of corn totaled 538,300 tonnes for the 2023/24 crop year during the week to July 4, up by 51% from the previous week but down by 13% from the prior four-week average, according to data from the US Department of Agriculture (USDA) released on Thursday July 11.
Industry participants polled by Fastmarkets ahead of the USDA’s monthly World Agricultural Supply and Demand Estimates...
US growing crop conditions improved for major crops in the week to Sunday July 7, with ratings ahead of last week and last year, the USDA’s latest weekly crop progress report showed on Monday July 8.
Export inspections of US corn increased by 23% to 1,023,905 tonnes during the week to Thursday July 4, up from 831,195 tonnes during the previous week, data from the USDA showed on Monday July 8.
US weekly ethanol production increased by 21,000 barrels per day to 1.06 million bpd in the week ended June 28 — its highest level in June 2024 — according to data published by the US Energy Information Administration (EIA) on Wednesday July 3.
US growing crop conditions were mixed in the week to Sunday June 30, with corn, winter wheat and barley ratings declining week on week, the USDA’s weekly crop progress report showed on Monday July 1.
Corn consumed for alcohol and other uses in the US totaled 508 million bushels (12.9 million tonnes) in May, up 8% from the previous month and 3% higher year on year, according to the USDA's monthly Grain Crushings and Co-Products Production report released on Monday July 1.
Export inspections of US wheat declined by 10% to 309,775 tonnes in the week to Thursday June 27, from 343,672 tonnes the previous week, according to data from the US Department of Agriculture released on Monday July 1.
Export inspections of US corn decreased by 29% to 819,577 tonnes during the week to Thursday June 27, down from 1.15 million tonnes during the previous week, data from the USDA showed on Monday July 1.
The quarterly US Grain Stocks update, released on Friday June 28, revealed higher year-on-year stocks for corn, wheat and soybeans, with all figures exceeding market estimates shared by analysts before the release.