Commodity Digest

Concise weekly economic analysis and purchasing guidance for corn, wheat (by class), soybean oil, soybean meal, and soybeans. This report exclusively details the most important factors, domestic and foreign, driving price changes. Report includes individual commodity procurement recommendations, 18-month forward futures price forecast ranges, and supply/demand tables including two-year outlooks. Use the economic data and analysis for your strategic decision making.

  • Specific and targeted purchasing advice
  • Bull and Bear market factors
  • 18-month futures price forecast ranges
  • Supply/demand balance tables with forecasts
  • Inclusion for Doane’s spot analysis of periodic releases of market moving reports including major USDA and Statistics Canada updates

Commodity Digest 6-14-2019

Date : 15th Jun 2019

In this issue, large USDA forecast reduction for corn production caused many to be shocked. Soybean prices rally sharply in the face of fundamentally bearish USDA forecasts. Tuesday's WASDE Report added to U.S. soybean oil stocks. Soymean futures have more upside as beans push higher. More rain threatens winter wheat quality as farmers look to collect the U.S. crop. 

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Commodity Digest 6-7-2019

Date : 07th Jun 2019

In this issue, Doane makes major balance sheet revisions for corn due to the slow crop progress reports from USDA. Trade issues are still affecting soybean exports. Soyoil stocks rose just 25 million lbs. April census data points to larger soybean meal imports, and better than expected spring wheat ratings surprise the market. 

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Commodity Digest 5-31-2019

Date : 31st May 2019

In this issue, corn planting progress the slowest on record (since 1980). President Trump announced tariffs on Mexican goods. Soybean planting progress is one of the slowest in history. U.S. exports remain strong for soy meal. Doane trims wheat outlook to reflect current conditions. 

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Commodity Digest May 24, 2019

Date : 24th May 2019

In this issue, soy oil futures close lower for the week as WTI futures plummet. Doane adds to U.S. soybean planting ideas following government aid details. Wetter forecasts in the "Bread Basket" lead to wheat quality and disease concerns. Doane lowers their corn acreage estimate due to extremely low planting progress in May. Concerns that the aid payment program will affect farmers' planting decisions plague the industry inspite of government officials stressing that farmers should not change decisions based on the USDA announcement on Thursday.  

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Commodity Digest May 17, 2019

Date : 17th May 2019

In this issue, we discuss the impacts of slow plantings to date on the 2019 U.S. corn crop's potential. Concern for further delays spurred some covering of short positions across the grain and oilseed markets this week. The soybean market digested the April NOPA crush and stocks data released mid-week and found some selling interest heading into the weekend. Finally, the wheat market followed corn modestly higher this week but gains were limited by the overhang of what appears to be much larger European and Black Sea wheat crops.  

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Commodity Digest May 10, 2019

Date : 11th May 2019

In this issue, trade worries intensify after Trump raises tariffs on Chinese exports to the US. USDA forecasts world soybean production down in 2019/20. Initial USDA 2019 winter wheat forecast tops trade expectations.

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Commodity Digest 5-3-2019

Date : 03rd May 2019

In this issue, corn planting delays starting to be more serious. Poor soybean export sales and shipments against expectations. Another good month for biodiesel fuel revealed. Monthly crush data largely inline with expectations. HRW futures below $4 for the first time in 17 months. 

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Commodity Digest 4-26-2019

Date : 27th Apr 2019

In this issue, slow corn plantings with more above average rains in the 6-10 and 8-14 day forecasts. Soybean prices off sharply for second week. Soy oil futures post largest weekly loss since June 2017. Soybean meal has another strong week of export sales and shipments. Improving U.S. winter wheat conditions add to bearish supply ideas. 

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Commodity Digest 4-18-2019

Date : 19th Apr 2019

In this issue, March NOPA crush tops expectations. U.S. winter wheat conditions point to above average yields. Slow start for the corn planting season. Mixed market signals from trade negotiations. 

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Commodity Digest April 12, 2019

Date : 13th Apr 2019

In this issue, challenging start for April corn plantings with blizzard northwest and heavy rains forecast Mississippi Valley. No soybeans sales to China this week. Monday's NOPA crush expected to fall short of last year. China buys more U.S. pork due to ASF problems. U.S. winter wheat ratings improve. 

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