Jocelyn Garcia

US weekly ethanol production decreased by 46,000 barrels per day to 1.073 million bpd in the week to November 29, according to data published by the US Energy Information Administration (EIA) on Wednesday December 4.

US weekly corn net sales surged to 1,732,400 tonnes for the 2024/25 crop year in the week to November 28, marking a 63% jump from the previous week and a 4% increase over the prior four-week average, according to the USDA’s latest report released on Thursday December 5.

Market participants polled by Fastmarkets ahead of the USDA’s December World Agricultural Supply and Demand Estimates (WASDE) report update on Tuesday December 10 expect the agency to leave global corn ending stocks unchanged, while reducing domestic US stocks.

Export inspections of US corn were up by 11% to 1.05 million tonnes in the week ended Thursday December 5, from the 948,812 tonnes recorded the previous week, according to USDA data published on Monday December 9.

The USDA's World Agricultural Supply and Demand Estimates (WASDE) report update released on Tuesday December 10 highlights key changes to the US corn outlook, including increased usage (ethanol production as well as food, seed and industrial use), higher exports and reduced ending stocks.

US weekly corn net sales for the 2024/25 crop year totaled 946,900 tonnes in the week to December 5, a 45% drop from the previous week and 32% below the prior four-week average, according to the USDA’s latest report released on Thursday December 12.

In Argentina, recent rainfall during the week to December 11 improved soil moisture, creating better conditions for crop sowing, according to a Buenos Aires Grains Exchange (BAGE) report released on Thursday December 12, 2024.

President Yoon Suk Yeol’s short lived declaration of martial law sparked widespread protests in South Korea. The United States emphasizes the need for close cooperation with the Republic of Korea (R.O.K.), while stressing the importance of the rule of law and democracy.

US weekly ethanol production increased by 25,000 barrels per day to 1.103 million bpd in the week to Friday December 13, according to data published by the US Energy Information Administration (EIA) on Wednesday December 18.

US weekly corn net sales for the 2024/25 crop year totaled 1,174,600 tonnes in the week ending December 12, a 24% increase from the previous week, but 10% below the prior four-week average, according to the USDA’s latest report released on Thursday December 19.