Latest News From Hillari Mason

Weekly soybean inspections miss pre-report estimates
Weekly soybean inspections miss pre-report estimates

USDA reported soybean export inspections of 140,179 MT, missing the low-end pre-report estimate of 175,000 MT, while corn inspections were near top-end estimates but were down slightly from the previous week.

Report snapshot: winter wheat production estimates slide lower
Report snapshot: winter wheat production estimates slide lower

Winter wheat production was reported the average trade guess, due to a notable drop in estimated SRW wheat production from May. Meanwhile, U.S. carryover for corn and soybeans landed above pre-report estimates.

Weekly soybean sales rise notably
Weekly soybean sales rise notably

USDA reported old-crop soybean sales of 207,200 MT for week ended June 1, a 68% increase from the previous week. New-crop sales of 264,600 MT were also reported.

Wheat inspections begin marketing-year with shaky start
Wheat inspections begin marketing-year with shaky start

USDA's weekly export inspection data showed a week-over-week decline in export inspections for corn, soybeans and wheat. June 1 marked the beginning of the 2023-24 wheat marketing-year,

Weekly wheat sales miss expectations; reach new marketing-year low
Weekly wheat sales miss expectations; reach new marketing-year low

Net sales reductions of 210,500 MT of wheat were reported in week ended May 25, missing the expected range by over 100,000 MT. Weekly corn and soybean sales were near the low-end of their respective pre-report estimate.

Weekly corn inspections steady week over week
Weekly corn inspections steady week over week

Weekly corn inspections were down slightly from the previous week but were near the top-end pre-report estimate of 1.4 MMT. Corn in Wheat and soybean inspections were each near the respective low-end ranges.

Weekly wheat sales notch marketing-year low
Weekly wheat sales notch marketing-year low

Weekly export data for week ended May 18, showed net reductions for corn and wheat, while soybean sales were up noticeably from the previous week. Though, meal sales were the highlight; up 68% from the four-week average.

Weekly wheat inspections prove notable
Weekly wheat inspections prove notable

Weekly wheat inspections for week ended May 18, showed 407,682 MT, topping the range of expectations. Corn inspections were near the top-end of the pre-report range and up nearly 150,000 MT from the week prior.

Corn, wheat show weekly net sales reductions
Corn, wheat show weekly net sales reductions

In week ended May 11 corn and wheat marked new marketing year lows with net reductions of 339,000 MT and 42,100 MT, respectively. Weekly soybean sales were down 73% from the week prior and 89% from the four-week average.

Weekly soybean inspections falter; corn, wheat steady
Weekly soybean inspections falter; corn, wheat steady

Weekly corn inspections in week ended May 11, rose nearly 200,000 MT on the week, while wheat inspections increased 27,731 MT. Soybeans missed pre-report estimates and were down 250,000 MT from the previous week.

Report snapshot: U.S. winter wheat carryover, production shy of pre-report figures
Report snapshot: U.S. winter wheat carryover, production shy of pre-report figures

USDA's May crop data was mostly bearish, though wheat production and ending stock estimates were notably shy of pre-report estimates, giving the wheat complex momentum to climb higher.

Weekly corn, soybean, wheat sales lackluster
Weekly corn, soybean, wheat sales lackluster

Weekly soybean and wheat export sales each missed their respective pre-report range, while corn sales were mid-range. Net soymeal (277,800 MT) and cotton (246,800 RB) sales were each the bright spots for the week.

Weekly corn inspections fall short of expectations
Weekly corn inspections fall short of expectations

Weekly corn inspections fall short of pre-report estimates, while corn and wheat inspections land near the lower-end of their respective ranges.

Weekly corn sales reach marketing-year low; shipments at marketing-year high
Weekly corn sales reach marketing-year low; shipments at marketing-year high

Weekly corn sales notched net reductions in week ended April 27, while shipments rose to a marketing year high of 1.699 MMT. Soyoil, cotton and pork shipments also reached marketing-year highs during the week.

Solid weekly corn inspections at over 1.5 MMT
Solid weekly corn inspections at over 1.5 MMT

Weekly corn inspections topped pre-report estimates of 1.35 MMT for week ended April 27, while wheat was near the top-end pre-report range and soybeans mid-range.

Weekly pork sales notch marketing year high
Weekly pork sales notch marketing year high

Weekly corn, soybean and wheat sales were all within their respective ranges for week ended April 20. While cotton and pork sales were each up noticeably from the previous week and the four-week average.

Corn, soybean export inspections decline on the week
Corn, soybean export inspections decline on the week

USDA's export inspection data for week ended April 20, showed corn and soybeans declining notably from the previous week, while wheat inspections rose by over 100,000 MT.

Weekly export sales prove uninspiring
Weekly export sales prove uninspiring

Corn and soybean sales each missed their respective pre-report range for week ended April 13, though weekly wheat sales of 259,000 MT were 1 MT short of topping the pre-report range.

Fed Beige Book: Economic growth stable, inflation easing
Fed Beige Book: Economic growth stable, inflation easing

Highlights of agricultural conditions across the 12 Fed districts.

Weekly corn inspections top expectations
Weekly corn inspections top expectations

USDA reported corn inspections of 1.215 MMT in week ended April 13, topping the pre-report range of 700,000 MT to 1.05 MMT

Weekly corn sales fade; soybeans perk up
Weekly corn sales fade; soybeans perk up

Weekly corn sales landed just above the low-end pre-report estimate, down 58% from the week prior and 68% from the four-week average. Soybean sales were up notably from the week prior and 17% from the four-week average.

Report snapshot: U.S. corn, soybean ending stocks unchanged
Report snapshot: U.S. corn, soybean ending stocks unchanged

USDA kept corn and soybean ending stocks unchanged from March, while traders were anticipating a reduction for both crops. Meanwhile, wheat ending stocks rose as expected.

Soybean, wheat export inspections rise on the week
Soybean, wheat export inspections rise on the week

USDA reported soybean and wheat export inspections of 669,566 MT and 335,444 MT, respectively; up over 165,000 MT from the previous week. While corn inspections dropped notably.

Weekly soybean sales prove lackluster
Weekly soybean sales prove lackluster

USDA reported weekly sales in week ended March 30 were down 55% from the previous week and 42% from the four-week average, while corn sales rose 20% on the week, but were down 26% from the four-week average.

Weekly wheat inspections miss pre-report range
Weekly wheat inspections miss pre-report range

Wheat export inspections in week ended March 30 were reported at 168,543 MT, missing the low-end of the pre-report range by over 130,000 MT. Corn inspections were notable, but still lag last year's pace by nearly 37%.

Report snapshot: lower corn, soybean stocks lend bullish bump
Report snapshot: lower corn, soybean stocks lend bullish bump

USDA's Quarterly Stocks data showed figures lower than the average trade guess, sending the soybean market higher, while the news also led corn higher, though gains have been capped by higher-than-expected acres.

Weekly soymeal sales top expectations by nearly 130,000 MT
Weekly soymeal sales top expectations by nearly 130,000 MT

USDA reported weekly soymeal sales of 377,900 MT in week ended March 23, which was up noticeably over the previous week and 81% from the four-week average.

Weekly corn inspection fall short of expectations
Weekly corn inspection fall short of expectations

Weekly export inspections for week ended March 23 revealed a notable drop in corn inspections from the previous week, while wheat and soybeans were each higher on the week.

Weekly corn sales reach marketing year high; beans, wheat falter
Weekly corn sales reach marketing year high; beans, wheat falter

USDA reported weekly corn sales in week ended March 16 at 3.096 MMT, while soybeans and wheat each missed the low-end of their respective pre-report ranges.

Soybean export inspections remain ahead of year-ago
Soybean export inspections remain ahead of year-ago

Corn, soybeans and wheat export inspections each topped the previous week, though soybean Inspections continue to run ahead of last year by nearly 3.0%, while corn lags by over 36.0%, with wheat behind by 1.6%.

Weekly corn sales steady; soybean sales rebound from net reductions
Weekly corn sales steady; soybean sales rebound from net reductions

USDA reported weekly corn sales of 1.236 MMT for week ended March 9, near the top-end of the pre-report range. Soybean sales were also near top-end estimates at 665,000 MT, up from net reductions the previous week.

Another week of solid corn export inspections
Another week of solid corn export inspections

Weekly export inspections for week ended March 9, showed corn inspections for the week at over 999,000 MT, near top-end pre-report estimates, while soybeans were mid-range. Wheat inspections were just shy expectations.

Weekly soybean sales notch net reduction; corn sales soar
Weekly soybean sales notch net reduction; corn sales soar

USDA reported 23,000 MT of soybean reductions for week ended March 2, a new marketing year low, while corn sales proved solid, landing near the top-end of the expected pre-report range of 1.2 MMT.

Report snapshot: higher U.S. and global corn ending stocks
Report snapshot: higher U.S. and global corn ending stocks

USDA's March WASDE showed corn domestic and global ending stocks above pre-report estimates, while soybeans and wheat were each slightly lower than expectations.

Solid weekly corn inspections at nearly 900,000 MT
Solid weekly corn inspections at nearly 900,000 MT

USDA reported weekly export inspections for week ended March 2, which showed corn inspections notably above pre-report expectations, while wheat and soybean inspections each missed the low-end pre-report range.

Weekly soybean sales reach marketing year low
Weekly soybean sales reach marketing year low

Soybean sales for the week were down 14% from the previous week and 25% below the four-week average. Corn sales for the week were down 48% from the four-week average, though wheat sales were up 39%.

Soybean export inspections miss expectations
Soybean export inspections miss expectations

Soybean export inspections for week ended Feb. 23 missed low-end expectations by 159,000 MT and were down from the previous week by 893,000 MT. Though wheat inspections were above top end estimates by over 90,000 MT.

Weekly wheat sales show promise, while corn, soybeans falter
Weekly wheat sales show promise, while corn, soybeans falter

Wheat sales for week ended Feb. 16 were 338,800 MT, a 62% increase from the previous week nearly 40% above the 4-week average. Corn sales were 30% below the 4-week average, with soybeans nearly 20% below.

Soybean export inspections continue to outpace year-ago
Soybean export inspections continue to outpace year-ago

USDA reported soybean export inspections of 1.578 MMT for week ended Feb. 16, with inspections outpacing year-ago by 3.5%. Corn, soybeans and wheat inspections were each within their expected ranges.

Corn export sales steady at 1.024 MMT
Corn export sales steady at 1.024 MMT

Net corn sales for week ended Feb. 9 were down 12% from the previous week, but up 15% from the prior 4-week average, while Wheat and soybean sales were down 32% and 35% from their respective 4-week averages.

Soybean export inspections remain stable
Soybean export inspections remain stable

Soybean export inspections were down nearly 360,000 MT from the previous week, but were near the top-end range of pre-report estimates. Soybean inspections are running currently running 1.6% ahead of a year ago.

Cotton export sales reach marketing year high
Cotton export sales reach marketing year high

Export sales data for week ended Feb. 2 showed net cotton sales of 262,800 RB, which was up 54% from the previous week and 58% from the prior 4-week average.

Report snapshot: soybean ending stocks pegged at 225 mb
Report snapshot: soybean ending stocks pegged at 225 mb

USDA reported ending stocks for corn, soybeans and wheat higher than pre-report estimates.

Soybean export inspections remain strong
Soybean export inspections remain strong

Although soybean export inspections were down over 100,00 MT from the previous week, they continue to prove consistent. Wheat inspections topped pre-report expectations, while corn landed just above the low-end estimate.

Weekly corn sales prove solid at nearly 1.6 MMT

Export sales for week ended Jan. 26 showed corn sales of 1.593 MMT, notably above top-end estimates of 1.2 MMT. Soybean sales were just above low-end estimates of 700,000 MT, while wheat fell short by over 163,000 MT.

Corn export inspections miss low-end expectations
Corn export inspections miss low-end expectations

Weekly export inspections for week ended Jan. 26, showed corn inspections 200,860 MT below the previous week, missing low-end estimates by over 70,000 MT. Wheat and soybean export inspections were each notable.

Weekly wheat exports top pre-report range
Weekly wheat exports top pre-report range

USDA's weekly export data for week ended Jan. 19 showed wheat sales up 6% from the previous week and 84% from the prior four-week average. Net soybean sales were up 53% from the four-week average, while corn was up 46%.

Weekly soybean inspections remain solid at over 1.8 MMT
Weekly soybean inspections remain solid at over 1.8 MMT

USDA's weekly export inspections data for week ended Jan. 19 showed corn and wheat inspections toward their lower expected ranges, while soybeans landed near top-end expectations of 1.955 MMT.

Strong weekly net corn sales at over 1.13 MMT
Strong weekly net corn sales at over 1.13 MMT

Corn, wheat and soymeal export sales top expectations for the week ended Jan. 12, while soybeans landed in the mid to upper range of expectations.

Corn, soybean export inspections prove notable
Corn, soybean export inspections prove notable

Corn and soybean export inspections were well above the previous week, topping pre-report expectations by nearly 75,000 MT and 150,000 MT, respectively. Wheat inspections were near top-end estimates of 400,000 MT.