Articles By Jocelyn Garcia
US corn, soybean and sunflower harvest progress remained above five-year averages in the week to Sunday October 27, while winter wheat planting progress and crop conditions were lower year on year, the USDA’s weekly crop progress report showed on Monday October 28.
Export inspections of US corn were down by 18% to 823,664 tonnes during the week to Thursday October 24, from 1 million tonnes in the previous week, according to USDA data released on Monday October 28.
US weekly corn net sales totaled 3,602,600 tonnes for the 2024/25 crop year in the week ended October 17, up by 62% from the previous week, according to data from the US Department of Agriculture released on Thursday October 24.
Export inspections of US corn were up by 97% to 999,811 tonnes during the week to October 17 from 506,616 tonnes in the previous week, according to US Department of Agriculture data released on Monday October 21.
US corn crop and soybean harvest progress remained above the five-year averages in the week to Sunday October 13, the USDA’s weekly crop progress report showed on Tuesday October 15.
Export inspections of US corn decreased by 55% to 430,323 tonnes during the week to October 10, from 947,963 tonnes during the previous week, according to USDA data released on Tuesday October 15.
Fastmarkets sat down with Esteban Jaramillo Reyes, managing director of Mexico's National Chamber of Industrialized Corn (CANAMI), at the Export Exchange conference in Fort Worth, Texas, last week to discuss current challenges facing corn producers and the new administration's plans regarding genetically modified corn restrictions and imports.
Canada’s top growing regions are wrapping up harvest work, with Saskatchewan leading the way and expecting to conclude work within the next week, according to provincial reports released on October 7-8 and collated by Fastmarkets.
Corn production for 2024/25 was forecast to be 17.0 million bushels higher than last month's estimate, at 15.2 billion bu (386.18 million tonnes), with 183.8 bu per acre estimated, according to the USDA's October World Agricultural Supply and Demand Estimates (WASDE) report update released on Friday October 11.
US net sales of corn for the 2024/25 crop year totaled 1.22 million tonnes during the week to October 3, within market estimates, according to data released by the US Department of Agriculture (USDA) on Thursday October 10.
Market participants polled by Fastmarkets ahead of the USDA’s October World Agricultural Supply and Demand Estimates (WASDE) report update on Friday October 11 project that the agency will lower new and old crop ending stocks estimates, as well as lower 2024/25 production.
The total area of corn planted in Argentina for the 2023/24 marketing year amounted to 7.9 million hectares, which represents an increase of 9.1% compared to the five-year average, according to an updated Buenos Aires Grains Exchange (BAGE) report using satellite images that was published on Friday October 4.
Canada's grain and oilseed exports declined by 171,100 tonnes, or 17%, in the week ended Sunday September 29, totaling 814,100 tonnes, with canola exports by dropping 62%, according to data from the Canadian Grain Commission released late on Thursday October 3.
Corn sowing advanced by 3.2 percentage points to 13.7% of the projected sown area of 6.3 million hectares in the week to Wednesday October 2, according to the Buenos Aires Grains Exchange (BAGE) weekly crop report published on Thursday October 3.
US net sales of corn for the 2024/25 crop year totaled 1.68 million tonnes during the week to September 26, above market expectations, according to data released by the USDA on Thursday October 3.
US weekly ethanol production increased by 21,000 barrels per day to 1.015 million bpd in the week ended Friday September 27, according to data published by the US Energy Information Administration (EIA) on Wednesday October 2.
Following Claudia Sheinbaum Pardo's inauguration as President of Mexico, a group of 21 US representatives have written a letter to the US Trade Representative (USTR) and the USDA, urging them to engage with the incoming Mexican administration regarding its ongoing ban on genetically modified (GM) corn.
Corn consumed for alcohol and other uses in the US totaled 525 million bushels (13.33 million tonnes) in August 2024, down by 2% from the previous month but up 7% year on year, according to the USDA’s monthly Grain Crushings and Co-Products Production report released on Tuesday October 1.
Sentiment among US agricultural producers declined in September to the weakest barometer reading since March 2016, on producers’ concerns about high input costs combined with weak output prices, according to Purdue University and CME Group’s Ag Economy Barometer survey released on Tuesday October 1.
Rain delayed harvest progress but helped replenish soil conditions across Canada's top growing regions, according to provincial reports released September 23-24 and collated by Fastmarkets.