Articles By Mark Shenk
The USDA’s influential World Agricultural Supply and Demand Estimates (WASDE) report for December is projected to reduce estimates for both domestic and global 2024/25 wheat crop ending stocks, according to analysts polled by Fastmarkets.
Farmers in Canada were expected to harvest more wheat, soybeans and oats in 2024, while the country’s estimated production of canola, corn and barley was down from the figures for 2023, national agency Statistics Canada (StatCan) said in a report published on Thursday December 5.
US weekly net sales of wheat for the 2024/25 crop year totaled 378,200 tonnes during the week to Thursday November 28, up by 3% from the previous week, but down 10% from the prior four-week average, the US Department of Agriculture (USDA) said on Thursday December 5.
Sentiment among US agricultural producers jumped in November, with the main driver being producers’ confidence in the future, the Purdue University/CME Group Ag Economy Barometer survey showed on Tuesday December 3.
Speculators in US corn, soybean and wheat contracts accumulated short positions in the week to Tuesday November 26, helping reduce the corn net long position while bolstering soybean and wheat net short positions, data from the Commodity Futures Trading Commission (CFTC) showed late on Monday December 2.
Export inspections of US wheat decreased by 19% to 296,106 tonnes during the week to Thursday November 28, from 364,783 tonnes the previous week, according to data from the USDA released on Monday December 2.
The condition of the US winter wheat crop improved by more than was expected by market analysts in the week ended Sunday November 24, while planting neared completion, the USDA’s weekly crop report showed on Monday November 25.
Speculators in the US corn market shed short positions, helping send the net long to the highest level since February 2023, while investors added shorts in soybean and wheat contracts in the week to Tuesday November 19, data from the Commodity Futures Trading Commission (CFTC) showed late on Friday November 22.
Export inspections of US wheat increased by 83% to 360,513 tonnes during the week to Thursday November 21, from 196,746 tonnes the previous week, according to data from the US Department of Agriculture (USDA) released on Monday November 25.
The US Department of Agriculture increased its estimates for US wheat stocks for the 2024/25 marketing year, while leaving its domestic production forecast unchanged and slightly reducing its global stocks forecast.
US weekly net sales of wheat for the 2024/25 crop year totaled 374,700 tonnes during the week to October 31, down by 9% from the previous week and by 20% from the prior four-week average, the USDA said on Thursday November 7.
The USDA’s influential World Agricultural Supply and Demand Estimates (WASDE) report for November is projected to slightly trim estimates for both domestic and global 2024/25 crop ending stocks, according to analysts polled by Fastmarkets.
Sentiment among US agricultural producers bounced in October, with the main driver of the improvement being an increase in producers’ confidence in the future, the Purdue University/CME Group Ag Economy Barometer survey showed on Tuesday November 5.
The pace of the US corn harvest exceeded the five-year average and the expectations of market analysts in the week ended November 3, while the condition of the winter wheat crop improved, the US Department of Agriculture’s weekly crop report showed on Monday November 4.
Export inspections of US wheat declined by 34% to 193,523 tonnes during the week to Thursday October 31, from 294,657 tonnes in the previous week, according to data from the US Department of Agriculture (USDA) released on Monday November 4.
Speculators in the US corn market cut short positions, helping send the net short to the highest level since August 2023, while adding shorts in soybean and wheat contracts in the week to Tuesday October 29, data from the Commodity Futures Trading Commission (CFTC) showed late on Friday November 1.
The USDA’s attaché in Turkey reported that it expects the country’s wheat, barley and corn production will decline in the 2024/25 marketing year because of dry weather, while the country still has immense inventories of wheat it is trying to liquidate.
US weekly net sales of wheat for the 2024/25 crop year totaled 411,400 tonnes during the week to October 24, down by 23% from the previous week and by 14% from the prior four-week average, the US Department of Agriculture said on Thursday October 31.
The USDA’s local attaché in Ukraine cut its estimate for the country’s corn output in the 2024/25 marketing year because of lower yields while slightly trimming the wheat production projection and increasing the barley production forecast.
The USDA attaché in Bulgaria reduced its forecast of the country’s corn production in 2024/25 to the lowest level in more than a decade because of summer heat and drought, while barley production will climb substantially and wheat output will be marginally higher.