Articles By Mark Shenk
Speculators in the US corn markets reduced short positions while amassing longs in the week to Tuesday December 31, which resulted in the net long surging to the highest level since February 2023, data from the Commodity Futures Trading Commission (CFTC) showed late on Monday January 6.
Export inspections of US wheat climbed by 22% to 412,342 tonnes during the week to Thursday January 2, down from 339,101 tonnes in the previous week, according to data from the USDA released on Monday January 6.
Fastmarkets has corrected its US Gulf corn CIF September (month nine) barge price for Tuesday December 31 and its 13.5% FOB Canada CWRS August and September (months eight and nine) prices, which were published incorrectly due to a technical error.
Speculators in the US corn and soybean markets shed short positions in the week to Tuesday December 24, while bolstering short positions in the country’s three wheat contracts, data from the Commodity Futures Trading Commission (CFTC) showed late on Monday December 30.
Export inspections of US corn decreased by 23% to 878,380 tonnes during the week to Thursday December 26, from 1,146,185 tonnes during the previous week, according to USDA data released on Monday December 30.
Export inspections of US wheat fell by 17% to 337,685 tonnes during the week to Thursday December 26, down from 405,923 tonnes in the previous week, according to data from the USDA released on Monday December 30.
US weekly ethanol production increased by 4,000 barrels per day to 1.107 million bpd in the week to Friday December 20, according to data published by the US Energy Information Administration (EIA) on Friday December 27.
US weekly net sales of corn totaled 1,711,300 tonnes for the 2024/25 crop year in the week ended Thursday December 19, up by 46% from the previous week and by 64% from the previous four-week average, according to data from the USDA released on Friday December 27.
US weekly net sales of wheat for the 2024/25 crop year totaled 612,400 tonnes during the week to Thursday December 19, up by 34% from the previous week and by 64% from the prior four-week average, the USDA said on Friday December 27.
Export inspections of US wheat increased by 34% to 403,719 tonnes during the week to Thursday December 19, up from 300,889 tonnes the previous week, according to data from the USDA released on Monday December 23.
Investors in the US corn and soybean markets shed longs positions in the week to Tuesday December 17, helping trim the corn net long, data from the Commodity Futures Trading Commission (CFTC) showed late on Friday December 20.
US weekly net sales of wheat for the 2024/25 crop year totaled 457,900 tonnes during the week to Thursday December 12, up by 58% from the previous week and by 16% from the prior four-week average, the US Department of Agriculture (USDA) said on Thursday December 19.
The US Department of Agriculture’s attaché in Brazil bolstered its estimate for the country’s corn output in the 2024/25 marketing year as yields improve following the El Niño weather phenomenon, which severely impacted the 2023/24 crop.
Export inspections of US corn rose by 6.8% to 1,129,834 tonnes during the week to Thursday December 12, from 1,057,972 tonnes during the previous week, according to USDA data released on Monday December 16.
Export inspections of US wheat increased by 20% to 298,075 tonnes during the week to Thursday December 12, from 247,954 tonnes the previous week, according to data from the USDA released on Monday December 16.
Speculators in the US corn market shed short positions while accumulating longs in the week to Tuesday December 10, sending the net long to the highest level since February 2023, data from the Commodity Futures Trading Commission (CFTC) showed late on Friday December 13.
US weekly net sales of wheat for the 2024/25 crop year totaled 290,200 tonnes during the week to Thursday December 5, down by 12% from the previous week and by 31% from the prior four-week average, the USDA said on Thursday December 12.
The US Department of Agriculture reduced its estimates for US wheat ending stocks for the 2024/25 marketing year, while bolstering export projections and slightly increasing its global stocks forecast.
Export inspections of US wheat decreased by 24% to 226,513 tonnes during the week to Thursday December 5, from 298,550 tonnes the previous week, according to data from the USDA released on Monday December 9.
Investors in the three US wheat markets added short positions in the week to Tuesday December 3, helping send net short positions to multi-month highs, data from the Commodity Futures Trading Commission (CFTC) showed late on Friday December 6.