Articles By Mark Shenk
The pace of the US corn and soybean harvests exceeded the five-year average and the expectations of market analysts in the week ended October 20, the USDA’s weekly crop report showed on Monday October 21.
Export inspections of US wheat declined by 29.4% to 268,375 tonnes during the week to Thursday October 17, down from 380,134 tonnes the previous week, according to USDA data released on Monday October 21.
Investors in the US corn and soybean markets added short positions in the week to Tuesday October 15, helping increase net short positions, data from the Commodity Futures Trading Commission (CFTC) showed late on Friday October 18.
US weekly net sales of corn totaled 2,225,700 tonnes for the 2024/25 crop year in the week ended October 10, up by 82% from the previous week and up “noticeably” from the previous four-week average, according to data from the US Department of Agriculture released on Friday October 18.
US weekly net sales of wheat for the 2024/25 crop year totaled 504,100 tonnes during the week to October 10, up by 16% from the previous week and by 57% from the prior four-week average, the US Department of Agriculture said on Friday October 18.
Export inspections of US wheat rose by 2.1% to 371,004 tonnes during the week to Thursday October 10, from 363,460 tonnes the previous week, according to USDA data released on Tuesday October 15.
Investors in the US corn and soybean markets, as well as in two of three wheat contracts, reduced net short positions in the week to Tuesday October 8, data from the Commodity Futures Trading Commission (CFTC) showed late on Friday October 11.
The USDA reduced its estimates for US wheat stocks and production for the 2024/25 marketing year, while slightly increasing its expectations for global ending stocks as lower demand and higher beginning stocks forecasts outweighed an output decline.
US weekly net sales of wheat for the 2024/25 crop year totaled 433,600 tonnes during the week to October 3, down by 2% from the previous week but up by 31% from the prior four-week average, the US Department of Agriculture said on Thursday October 10.
The USDA’s influential World Agricultural Supply and Demand Estimates (WASDE) report for October is projected to reduce estimates for both domestic and global 2024/25 crop ending stocks, according to analysts polled by Fastmarkets.
US soybean crop harvest accelerated in the week ended Sunday October 6, exceeding analysts’ estimates while corn trailed them, the USDA’s weekly crop report showed on Monday October 7.
Export inspections of US corn decreased by 19% to 933,274 tonnes during the week to Thursday October 3, from 1.15 million tonnes during the previous week, according to USDA data released on Monday October 7.
Export inspections of US wheat slipped by 34% to 363,460 tonnes during the week to Thursday October 3, from 550,935 tonnes the previous week, according to USDA data released on Monday October 7.
Managed money investors in the US corn and soybean contracts, as well as in two of three wheat contracts, trimmed short positions in the week to Tuesday October 1, helping reduce net short positions, data from the Commodity Futures Trading Commission (CFTC) showed late on Friday October 4.
US weekly net sales of wheat for the 2024/25 crop year totaled 443,700 tonnes during the week to September 26, up “noticeably” from the previous week and by 46% from the prior four-week average, the US Department of Agriculture said on Thursday October 3.
US grain markets have shrugged off the first strike by longshoremen in the country since 1977, which has affected operations at 36 ports along the US East and Gulf Coasts on Tuesday October 1.
US corn crop conditions declined slightly in the week ended Sunday September 29, and soybean conditions were unchanged, while the soybean harvest exceeded analysts’ estimates, the USDA’s weekly crop report showed on Monday September 30.
The USDA’s September quarterly stocks outlook update delivered tighter-than-expected corn and soybean reserves, while wheat stocks were slightly higher than projected by market participants.
The US Department of Agriculture’s (USDA) local attaché in Morocco projects that the country’s wheat production will drop in the 2024/25 marketing year after the Moroccan government released its final estimates for the 2024 crop.
Export inspections of US wheat slipped by 25.7% to 536,929 tonnes during the week to Thursday September 26, from 722,608 tonnes the previous week, according to USDA data released on Monday September 30.