Articles By Mark Shenk
US weekly net sales of wheat for the 2024/25 crop year totaled 223,900 tonnes during the week to June 6, the US Department of Agriculture said on Thursday June 13.
The USDA has increased its estimates of US wheat production and export for the 2024/25 marketing year, while reducing its ending stocks forecast, and lowering its global output and ending stocks projections, Fastmarkets has learned.
Egypt’s state-backed General Authority of Supply Commodities (GASC) has secured 400,000 tonnes of wheat from Ukraine, Romania and Bulgaria for August shipment, after successfully closing a tender on Tuesday June 11.
A correction has been issued for this report.
The USDA's influential World Agricultural Supply and Demand Estimates (WASDE) report for June is forecast to bolster its domestic 2024/25 crop-ending stocks and production projections while slightly lowering global stockpile estimates, according to analysts polled by Fastmarkets.
Export inspections of US wheat fell 17.6% to 352,202 tonnes during the week to June 6, down from 398,904 tonnes in the previous week, according to data from the US Department of Agriculture released on Monday June 10.
Investors in the US corn and soybean markets, as well as two of three wheat contracts, amassed shorts, boosting their net short positions in the week to Tuesday June 4, data from the Commodity Futures Trading Commission (CFTC) showed late on Friday June 7.
The US wheat harvest accelerated as combines rolled again in Texas and Oklahoma after rain delays, and reaping started in southern Kansas, the weekly harvest report from the US Wheat Associates (USWA) showed on Friday June 7.
US weekly net sales reductions of wheat for the 2023/24 crop year totaled 229,000 tonnes during the week to May 30, the US Department of Agriculture (USDA) said on Thursday June 6.
US corn, soybean and spring wheat planting advanced at a slower pace than expected in the week to Sunday June 2, the USDA’s weekly crop progress report showed on Monday June 3.
Egypt’s General Authority for Supply Commodities (GASC) is expected to issue a tender on Tuesday June 4 to buy wheat, looking for two July shipment windows, trade sources told Fastmarkets late on Monday June 3.
Export inspections of US wheat increased by 4.3% to 416,010 tonnes during the week to May 30 from 398,904 tonnes the previous week, according to data from the US Department of Agriculture released on Monday June 3.
Speculators in the US soybean market disposed of shorts and added longs in the week to Tuesday May 28, while the corn market experienced gains in both shorts and longs, a report from the Commodity Futures Trading Commission (CFTC) showed late on Friday May 31.
The US hard red winter (HRW) wheat harvest is well underway in the South, Southeast, Texas and Oklahoma, while test cutting has started in south-central Kansas, the weekly harvest report from the US Wheat Associates (USWA) showed on Friday May 31.
US weekly net sales reductions of wheat for the 2023/24 crop year totaled 60,900 tonnes in the week to May 23, down noticeably from the previous week and the prior four-week average, the US Department of Agriculture (USDA) said on Friday May 31.
Export inspections of US wheat increased 74.8% to 398,904 tonnes during the week to May 23 from 228,200 tonnes the previous week, according to data from the US Department of Agriculture released on Tuesday May 28.
US weekly net sales of wheat for the 2023/24 crop year totaled 17,900 tonnes in the week to May 16, down by 77% from the previous week and by 61% from the prior four-week average, the USDA said on Thursday May 23.
Tunisia’s state grain importer Office des Cereales (ODC) has bought 100,000 tonnes of milling wheat for June shipment in an international tender awarded on Wednesday May 22.
US corn, soybean and spring wheat planting advanced at a faster pace than expected in the week to Sunday May 19 but trailed prior-year levels, the USDA’s weekly crop progress report showed on Monday May 20.
Export inspections of US wheat tumbled 46.3% to 205,612 tonnes during the week to Thursday May 16 from 383,058 tonnes the previous week, according to data from the US Department of Agriculture released on Monday May 20.