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 12-20-2019

Date : 20th Dec 2019

In this issue, largest weekly corn export sales of the crop year. Soybean market continues to rally on news of trade agreement with China. Rallying palm oil market lends support on tightening veg oil outlook. Signs of improving ASF outlook. Phase One China trade boosts U.S. wheat markets.  


Commodity Digest 12-13-2019

Date : 14th Dec 2019

In this issue, corn mentioned in list of ag products that China will plan to buy. It is logical to expect China will have to buy a lot of US soybeans to reach its dollar volume of US ag purchases. USDA leaves soyoil stocks unchanged in December WASDE. China hog herd showing signs of rebounding from ASF. December WASDE proves bullish U.S. wheat market.


Commodity Digest 12-6-2019

Date : 06th Dec 2019

In this issue, soyoil futures surge Friday on technical buying. ASF news, U.S./China trade talks continue to impact trade. High-profile tenders secure Russian, French and Argentine wheat. U.S. wheat still too expensive to spur greater export purchases. Corn harvest progress its slowest since 2009. Big improvement in crush margins.


Commodity Digest 11-22-2019

Date : 23rd Nov 2019

In this issue,three daily corn export sales announcements indicative of demand starting to show up at lower prices. U.S./China trade talks seemingly suffer a setback. Renewed strength in palm oil spills over to buoy soybean oil prices. Soymeal futures follow soybeans sharply lower. Futures mixed as winter wheat contracts rise and Minneapolis continues lower.  


Commodity Digest November 15, 2019

Date : 15th Nov 2019

In this issue, corn export sales pace remains depressed. No concrete news on the China/U.S. trade negotiations. Record NOPA crush supports Doane’s larger crush forecast. For soymeal, strong weekly sales, shipments reported by FAS weekly data. Uncertainty remains as to how many U.S. winter wheat acres remain unplanted.  


Commodity Digest November 8, 2019

Date : 09th Nov 2019

In this issue, USDA lowers corn yield and production forecasts. Little change to the soybean production outlooks. Palm oil market remained supportive ahead of October MPOB data. Nov. WASDE changes offsetting for soybean meal balance sheet. The cut to U.S. spring wheat output tops Doane’s expectations.


Commodity Digest 11-01-2019

Date : 01st Nov 2019

In this issue, ethanol and corn export trends remain demand bearish. There are hints of progress on resolving the China/US trade dispute. Rallying palm oil prices buoy soybean oil futures. NASS pegs 2018/19 soybean meal carryout above Doane’s expectations at 402,000 tons. Initial U.S. winter wheat conditions top 10-year average.  


Commodity Digest October 25, 2019

Date : 25th Oct 2019

In this issue, on Friday, there was a report of a high-level phone call between US and China negotiators indicating progress to agreement. Corn xport demand is historically bad. China allows new tariff-free imports of 10 mmt of US soybeans through next March. Palm oil futures hit 16-month highs this week on the BMD. Late-week selling pushes futures lower for the week. U.S. spring wheat harvest drags on while winter wheat planting pushes ahead. 


Commodity Digest 10-18-2019

Date : 18th Oct 2019

In this issue, heavy snows and winds in the northern Plains likely resulted in corn production losses. Reality set in that Trump’s claims for huge Chinese ag product buying greatly exaggerated. Technical buying pushes soyoil futures higher. Board crush margins remain depressed at nearly half of 2018 levels. Quality and quantity concerns linger for North American spring wheat crops.  


Commodity Digest October 11, 2019

Date : 11th Oct 2019

In this issue, blizzard and freezes threatening corn and soybean production. Trump announces trade negotiation progress with China on Friday afternoon. Oct. WASDE, Sep. MPOB changes mostly as expected for soyoil. NOPA to issue member crush, stocks data 10/15. USDA cuts U.S. wheat demand via exports, lower feed and residual.  


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