Articles By Mark Shenk
US weekly net sales of wheat for the 2024/25 crop year totaled 492,700 tonnes during the week to August 15, up by 45% from the previous week and by 63% from the prior four-week average, the US Department of Agriculture said on Thursday August 22.
The US Department of Agriculture (USDA)’s attaché in Kazakhstan expects that the country’s wheat and barley production will jump in the 2024/25 marketing year, but farmers are concerned that a bumper harvest and barriers to trade will lower prices for both grains.
Canada’s agriculture and fertilizer industries are among the sectors that will be seriously hit if the country’s two largest railroad companies cease operations on Thursday August 22, as they have threatened to do if no agreement is reached with a union.
Export inspections of US wheat rose by 47.9% to 347,519 tonnes during the week to Thursday August 15 from 666,662 tonnes the previous week, according to data from the USDA released on Monday August 19.
Speculators in US soybean and corn contracts, as well as two of three wheat contracts, increased short positions in the week to Tuesday August 13, helping boost net short positions, data from the Commodity Futures Trading Commission (CFTC) showed late on Friday August 16.
The US hard red winter (HRW) wheat harvest is almost 90% complete with good crop quality, while about half of the nation’s soft white (SW) crop has been reaped, the latest harvest report from the US Wheat Associates (USWA) showed on Friday August 16.
The US Department of Agriculture (USDA)’s local attaché in Australia has said that the country’s wheat and barley production is projected to climb in 2024/25, while Australian farmers deal with dramatically different growing conditions depending on location.
US weekly net sales of wheat for the 2024/25 crop year totaled 399,900 tonnes during the week to August 8, up by 24% from the previous week, but down by 6% from the prior four-week average, the US Department of Agriculture (USDA) said on Thursday August 15.
US corn and soybean crop conditions were unchanged in the week to Sunday August 11, while the winter and spring wheat harvests advanced at a faster clip than projected, the USDA’s weekly crop progress report showed on Monday August 12.
The US Department of Agriculture has reduced its estimates of US wheat stocks and production for the 2024/25 marketing year, while also reducing its expectations for global ending stocks.
Export inspections of US wheat rose by 37.99% to 649,199 tonnes during the week to Thursday August 8, from 470,482 tonnes the previous week, according to data from the USDA released on Monday August 12.
Investors in US soybean, corn and wheat contracts slashed short positions in the week to Tuesday August 6, helping to reduce net short positions, data from the Commodity Futures Trading Commission (CFTC) showed late on Friday August 9.
The US hard red winter (HRW) wheat harvest is 80% complete while the reaping of soft white (SW) wheat continues to advance under favorable weather, with reports of excellent yields and high quality, the latest harvest report from the US Wheat Associates (USWA) showed on Friday August 9.
The USDA's influential World Agricultural Supply and Demand Estimates (WASDE) report for August is projected to boost its domestic 2024/25 crop ending stocks and production forecasts while slightly trimming global stockpile estimates, according to analysts polled by Fastmarkets.
US weekly net sales of wheat for the 2024/25 crop year totalled 274,000 tonnes in the week to August 1, down by 4% from the previous week and lower by 23% from the prior four-week average, the US Department of Agriculture (USDA) said on Thursday August 1.
The USDA attaché in the EU expects that the bloc’s grain production will decline in the 2024/25 marketing year because of a smaller planted area for grains and lower yields.
Export inspections of US wheat declined by 2.9% to 440,888 tonnes during the week to Thursday August 1, from 453,904 tonnes the previous week, according to data from the USDA released on Monday August 5.
Speculators in the US soybean market increased short positions in the week to Tuesday July 30, helping boost the net short position, which neared the record high reached in July, commitment of traders' data from the Commodity Futures Trading Commission (CFTC) showed late on Friday August 2.
The US hard red winter (HRW) harvest is about three quarters complete as it moves north, with quality data holding steady, the latest harvest report from the US Wheat Associates (USWA) showed on Friday August 2.
US millers ground 226 million bushels of wheat during the second quarter of 2024, down by less than 1% from the first quarter but up by 2% from the corresponding period a year earlier, according to the USDA’s quarterly Flour Milling Products report on Thursday August 1.