Articles By Mark Shenk
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.
US weekly net sales of wheat for the 2024/25 crop year totaled 457,900 tonnes during the week to Thursday December 12, up by 58% from the previous week and by 16% from the prior four-week average, the US Department of Agriculture (USDA) said on Thursday December 19.
The US Department of Agriculture’s attaché in Brazil bolstered its estimate for the country’s corn output in the 2024/25 marketing year as yields improve following the El Niño weather phenomenon, which severely impacted the 2023/24 crop.
Export inspections of US corn rose by 6.8% to 1,129,834 tonnes during the week to Thursday December 12, from 1,057,972 tonnes during the previous week, according to USDA data released on Monday December 16.
Export inspections of US wheat increased by 20% to 298,075 tonnes during the week to Thursday December 12, from 247,954 tonnes the previous week, according to data from the USDA released on Monday December 16.
Speculators in the US corn market shed short positions while accumulating longs in the week to Tuesday December 10, sending the net long to the highest level since February 2023, data from the Commodity Futures Trading Commission (CFTC) showed late on Friday December 13.
US weekly net sales of wheat for the 2024/25 crop year totaled 290,200 tonnes during the week to Thursday December 5, down by 12% from the previous week and by 31% from the prior four-week average, the USDA said on Thursday December 12.
The US Department of Agriculture reduced its estimates for US wheat ending stocks for the 2024/25 marketing year, while bolstering export projections and slightly increasing its global stocks forecast.
Export inspections of US wheat decreased by 24% to 226,513 tonnes during the week to Thursday December 5, from 298,550 tonnes the previous week, according to data from the USDA released on Monday December 9.
Investors in the three US wheat markets added short positions in the week to Tuesday December 3, helping send net short positions to multi-month highs, data from the Commodity Futures Trading Commission (CFTC) showed late on Friday December 6.
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.