Kansas

his week, news and market comments will be released in a reduced mode. – US crudeoil stocks fell 6.42 million barrels following a decrease of 1.53 million barrels the week before. – China and unknown cancelled a combined 328,000 metric ton US soybean export sales. – Ethanol production firmed 14 thousand barrels per day last

This week, news and market comments will be released in a reduced mode. – Condition ratings for the U.S. corn crop declined during the last week while the corn harvest got under way in the core Midwest production belt, the USDA said on Monday. – US weekly export inspection data were mostly disappointing. – Canada

All US grain prices were down this week with exception of soymeal. In spite the late week bounce, corn futures ended the week with 1.24% loss. Ditto for soybeans that minimized the week’s losses, only losing 0.43%.  Soymeal, in contrast, posted a 0.41% gain.  Soybean oil was feeling pressure from competing veg oils and fell 5.46%. 

According to the US Department of Agriculture global pasta demand surged during the first half of 2020, as pandemic stay-at-home orders boosted consumption of pasta products. Global exports of pasta surpassed 5 million tons during the 2019/20 trade year and remained strong throughout 2020/21. Tightening supplies of durumwheat, however, have posed additional challenges for the

The outlook for 2021/22 U.S. wheat this month is for reduced supplies, slightly higher domestic use, unchanged exports, and decreased ending stocks. Supplies are reduced as imports are lowered 10 million bushels to 135 million on the import pace. Food use is raised 2 million bushels to 964 million, reflecting an upward revision of 2020/21

Coceral has lowered its estimate of 2021 soft wheat production in the European Union and Britain to 143.4 million tonnes from 145.8 million projected in May. The revision was mainly due to lower than expected crops in France, Germany, and Scandinavia. Particularly, soft wheat production for the EU’s 27 members was trimmed to 128.6 million