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 July 10, 2020

Date : 10th Jul 2020

USDA made some major changes to its crop forecasts in the July WASDE. We explore those results and update our forecasts. New purchase recommendations are included. 

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COMMODITY DIGEST July 2, 2020

Date : 02nd Jul 2020

The USDA and other agencies issued many updates on acreages and use of the five major commodities this week. We have the major results summarized and discussed. There are also new recommendations for need coverages. 

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COMMODITY DIGEST June 26, 2020

Date : 26th Jun 2020

Crop markets looking ahead to several reports next week. Those include crop progress on Monday afternoon, Acreage and Quarterly Grain Stocks on Tuesday, monthly grain and oilseed crush on Wednesday, and export data on Thursday. We will discussion next week.

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COMMODITY DIGEST June 19, 2020

Date : 19th Jun 2020

Corn and soybeans score small price gains on the week. There was encouraging words late this week about the potential for China to accelerate its ag product purchases, which would imply China buying corn, soybeans, DDGS, and ethanol. Wheat was weaker with the harvest underway and world supplies still on an upswing. Soybean oil was very strong. Crude oil prices were higher. The NOPA crush report implied strong offtake. 

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COMMODITY DIGEST June 12, 2020

Date : 12th Jun 2020

This week's report highlights the results of the June 11 USDA Crop Production and WASDE reports. Updates on added coverage. 

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COMMODITY DIGEST June 12, 2020

Date : 12th Jun 2020

This week's report highlights the results of the June 11 USDA Crop Production and WASDE reports. Updates on added coverage. 

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COMMODITY DIGEST June 5, 2020

Date : 05th Jun 2020

Crop condition ratings for corn, soybeans, and spring wheat remain high. Corn and soybean prices scored large advances this week, likely driven by China buying soybeans and hopes that China buys corn. Monthly crush report discussed for soybeans and products. Views for the next WASDE on June 11. 

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COMMODITY DIGEST May 29, 2020

Date : 29th May 2020

Grains and soybeans rallied during the holiday shortened week. There was some relief on news of more economic activity as the nation and world started to emerge from the setbacks associated with the pandemic. Plantings progressed well in most areas of the country. USDA reported corn condition began the growing season at a good indication of 70% good to excellent. 

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Commodity Digest 5-22-2020

Date : 22nd May 2020

In this issue, Beijing moved on Friday to impose legislation that raises concerns about Hong Kong’s future as a finance hub. Beijing's move spurred outrage in the city and abroad. President Trump said details on Beijing’s plans aren’t yet known and promised to “address that issue very strongly” if China proceeds. China issued a separate pledge to implement Phase 1 of its trade deal with the U.S., despite a growing number of geopolitical setbacks. This comes as the pace of recriminations between the U.S. and China is complicating the picture for investors. The virtual wheat crop tour in Kansas and neighboring Plains states replaced the long-held Wheat Quality Council Tour. Because it was conducted at a different time and under different circumstances, it is questionable as to whether it should be compared to past years’ tours. Participants did project lower yields and production in several states, including leading state Kansas. Forecast maps over the next week are indicating lots of rain, which could then help fields recover millions of bushels of potential. Plus, our usual bullish and bearish points to consider for each commodity and their supply and demand balance sheets.  

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Commodity Digest 5-15-2020

Date : 16th May 2020

In this issue, exceedingly bearish new corn crop forecast with record yields, production, and supplies.Market surprised by large increase in soybean old-crop ending stocks forecast. NOPA soyoil stocks the highest monthly since June 2013. USDA releases its highest ever May 1 winter wheat yield forecast.  

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