Articles By Mark Shenk
Investors in the US corn market cut short positions to the lowest level since February 2023 in the week to Tuesday February 18, helping bolster the net long, while open interest in corn surged to its highest since February 2021, according to data released by the Commodity Futures Trading Commission (CFTC) late on Friday February 21.
US weekly wheat net sales for the 2024/25 crop year totaled 532,700 tonnes during the week to February 13, down by 7% from the previous week, but up by 31% from the prior four-week average, according to data released by the USDA on Friday February 21.
Export inspections of US wheat decreased by 56% to 249,812 tonnes during the week to Thursday February 13 from 570,298 tonnes the previous week, according to data from the USDA released on Tuesday February 18.
Export inspections of US corn rose by 19% to 1.61 million tonnes in the week ended Thursday February 13, compared with 1.36 million tonnes the previous week, according to USDA data published on Tuesday February 18.
Speculators in the United States corn market bolstered short positions while reducing longs in the week to Tuesday February 11, trimming the net long for the first time in eight weeks, according to data released by the Commodity Futures Trading Commission (CFTC) late on Friday February 14.
US weekly wheat net sales for the 2024/25 crop year totaled 569,600 tonnes during the week to February 6, up by 30% from the previous week and by 45% from the prior four-week average, according to data released by the USDA on Thursday February 13.
The US Department of Agriculture reduced its estimates of 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 Tuesday February 11.
Export inspections of US wheat soared by 112% to 536,217 tonnes during the week to Thursday February 6 from 253,137 tonnes the previous week, according to data from the USDA released on Monday February 10.
Speculators in the US corn market continued to reduce short positions while adding longs in the week to Tuesday February 4, sending the net long to the highest level since May 2022, while open interest in corn surged to its highest since March 2021, data from the Commodity Futures Trading Commission (CFTC) released late on Friday February 7 shows.
The USDA’s influential World Agricultural Supply and Demand Estimates (WASDE) report for February is projected to slightly increase estimates for US 2024/25 wheat crop ending stocks, while marginally trimming global ending stocks projections, according to analysts polled by Fastmarkets.
US weekly wheat net sales for the 2024/25 crop year totaled 438,900 tonnes during the week to January 30, down by 4% from the previous week, but up by 41% from the prior four-week average, according to data released by the USDA on Thursday February 6.
Sentiment among US farmers improved in January 2025 with agricultural producers retaining their optimism after the country’s presidential election last November, and with the main driver being confidence in current conditions, the Purdue University/CME Group Ag Economy Barometer survey showed on Tuesday February 4.
Export inspections of US wheat dropped by 48% to 252,637 tonnes during the week to January 30, down from 484,544 tonnes in the previous week, according to data released by the United States Department of Agriculture on Tuesday February 3.
Managed money investors in the US corn market continued to reduce short positions while amassing longs in the week to Tuesday January 28, sending the net long to the highest level since May 2022, data from the Commodity Futures Trading Commission (CFTC) released late on Friday January 31 shows.
Export inspections of US wheat jumped by 85% to 484,544 tonnes during the week to Thursday January 23, down from 261,786 tonnes in the previous week, according to USDA data released on Monday January 27.
Speculators in the US corn market continued to amass long positions in the week to Tuesday January 21, sending the net long to the highest level in 140 weeks, while open interest in corn surged to its highest since July 2021, data from the Commodity Futures Trading Commission (CFTC) showed late on Friday January 24.
US weekly net sales of wheat for the 2024/25 crop year totaled 164,800 tonnes during the week to January 16, down by 68% from the previous week and by 55% from the prior four-week average, the US Department of Agriculture said on Friday January 24.
The USDA’s local attaché in South Africa reduced its projection of the country’s 2024/25 corn harvest on Wednesday January 22 due to a decline in the expected production area, which will lead to a reduction in exports.
Export inspections of US wheat decreased by 12.5% to 261,786 tonnes during the week to January 16, down from 299,191 tonnes in the previous week, according to data from the USDA released on Tuesday January 21.
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.