Articles By Mark Shenk
Participants in the Wheat Quality Council’s annual tour of spring wheat crops saw additional evidence that yields will climb to the highest level in at least 30 years on the second day of inspecting crops in North Dakota, the United States’ biggest hard red spring (HRS) producing state.
Export inspections of US wheat dropped by 61.7% to 237,965 tonnes during the week to Thursday July 18, from 620,707 tonnes the previous week, according to data from the USDA released on Monday July 22.
Investors in the US soybean and wheat markets accumulated short positions in the week to Tuesday July 16, sending the soybean net short position to a record high, data from the Commodity Futures Trading Commission (CFTC) showed late on Friday July 19.
The US hard red winter (HRW) harvest is progressing at a rapid pace, while the soft red winter (SRW) harvest is almost complete, the latest harvest report from the US Wheat Associates Extremely (USWA) showed on Friday July 12.
US weekly net sales of wheat for the 2024/25 crop year totaled 578,500 tonnes during the week to July 11, up “noticeably” from the previous week and up by 1% from the prior four-week average, the US Department of Agriculture said on Thursday July 18.
Egypt’s state-backed General Authority of Supply Commodities (GASC) successfully closed a tender on Tuesday July 16 and secured 770,000 tonnes of wheat from Russia and Bulgaria for September shipment.
US corn and soybean crop conditions were unchanged in the week to Sunday July 14, while spring wheat and barley conditions improved, the USDA’s weekly crop progress report showed on Monday July 15.
Export inspections of US wheat advanced by 55.5% to 533,828 tonnes during the week to Thursday July 11, up from 343,359 tonnes the previous week, according to data from the US Department of Agriculture (USDA) released on Monday July 15.
Managed money investors in the US soybean and corn markets accumulated short positions in the week to Tuesday July 9, sending net short positions to record highs, data from the Commodity Futures Trading Commission (CFTC) showed late on Friday July 12.
The US hard red winter (HRW) harvest is 34% complete while the soft red winter (SRW) harvest is winding down, the latest harvest report from the US Wheat Associates (USWA) showed on Friday July 12.
The USDA boosted its estimates of US wheat stocks, production, exports and consumption for the 2024/25 marketing year, while also increasing its global ending stocks and output projections, Fastmarkets has learned.
US weekly net sales of wheat for the 2024/25 crop year totaled 240,400 tonnes during the week to July 4, the US Department of Agriculture (USDA) said on Thursday July 11.
The USDA's influential World Agricultural Supply and Demand Estimates (WASDE) report for July is projected to bolster its domestic 2024/25 crop-ending stocks and production projections while slightly boosting global stockpile estimates, according to analysts polled by Fastmarkets.
Investors in the US corn, soybean and wheat markets accumulated shorts, bolstering their net short positions in the week to Tuesday July 2, data from the Commodity Futures Trading Commission (CFTC) showed late on Monday July 8.
Export inspections of US wheat advanced by 1.7% to 341,005 tonnes during the week to Thursday July 4, from 335,235 tonnes the previous week, according to data from the US Department of Agriculture released on Monday July 8.
The US hard red winter (HRW) harvest was completed in Oklahoma this week while the harvest is nearing completion in Texas and Kansas, the latest harvest report from the US Wheat Associates (USWA) showed on Friday July 5.
US weekly net sales of corn totaled 357,200 tonnes for the 2023/24 crop year in the week ended June 27, down by 34% from the previous week and by 57% from the prior four-week average, according to data from the US Department of Agriculture released on Friday July 5.
US weekly net sales of wheat for the 2024/25 crop year totaled 805,300 tonnes during the week to June 27, the US Department of Agriculture said on Friday July 5.
Sentiment among US agricultural producers slipped slightly in June, with the Index of Future Expectations responsible for the decline, the Purdue University/CME Group Ag Economy Barometer survey showed on Tuesday July 2.
Investors in the US agricultural sector accumulated short positions in all major markets, boosting their net short positions in the week to June 25, data from the Commodity Futures Trading Commission (CFTC) showed late on Friday June 28.