Articles By Mark Shenk
Investors in the US corn and soybean markets trimmed shorts while amassing longs in the week to Tuesday January 14, pushing the corn net long to the highest-level since May 2022 and moving soybeans from a net short to a net long for the first time in more than a year, data from the Commodity Futures Trading Commission (CFTC) showed late on Friday January 17.
Fastmarkets launched AG-WHE-0058 Wheat 10.5% fob US Gulf SRW wheat $/mt on January 6, 2025.
Speculators in the US corn markets trimmed short positions while adding longs in the week to Tuesday January 7, which sent the net long climbing to the highest level since November 2022, data from the Commodity Futures Trading Commission (CFTC) showed late on Monday January 13.
Export inspections of US wheat decreased by 30% to 288,895 tonnes during the week to Thursday January 9, down from 412,342 tonnes in the previous week, according to data from the USDA released on Monday January 13.
The USDA’s December quarterly stocks outlook update, released on Friday January 10, delivered tighter-than-expected corn and soybean reserves in the US, while wheat stocks were slightly higher than projected by market participants.
The annual Winter Wheat and Canola Seedings report released on Friday January 10, along with a big batch of other USDA reports, put planted area for the 2025 US winter wheat crop at 34.1 million acres, up by 2% from 2024 and exceeding projections.
The US Department of Agriculture increased its estimates for US and global wheat ending stocks for the 2024/25 marketing year, while leaving domestic production and export projections unchanged, according to the monthly update to its World Agricultural Supply and Demand Estimates (WASDE) report published on Friday January 10.
US weekly net sales of wheat for the 2024/25 crop year totaled 111,300 tonnes during the week to Thursday January 2, a marketing-year low and down by 21% from the previous week and by 70% from the prior four-week average, the US Department of Agriculture (USDA) said on Friday January 10.
The USDA’s influential World Agricultural Supply and Demand Estimates (WASDE) report for January is projected to slightly reduce estimates for US 2024/25 wheat crop ending stocks, while marginally boosting global ending stocks projections, according to analysts polled by Fastmarkets.
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.