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 4-3-2020

Date : 04th Apr 2020

In this issue, there was a stunning corn acreage forecast this week. Crop tours report smaller Brazilian soybean crop. USDA pegs 2020 U.S. soy intentions at 83.5 million acres. Soyoil futures close lower despite firming energy prices. Doane again lowers U.S. ethanol output meaning fewer DDGs in feed rations. Wheat exports remain weak.  

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Commodity Digest 3-27-2020

Date : 27th Mar 2020

In this issue,COVID-19 means ethanol demand destruction every day it persists. Anaylsts and economists are looking ahead to the USDA acreage and stocks reports out on Tuesday. CFTC data shows funds near flat in the soybean market. COVID-19 measures cast doubts of SAM soy availability. Global vegetable oil prices firm despite demand woes. Travel restrictions from COVID-19 hinder Argentina soy crushings. Wheat made two big upmoves this week on supply fears.  

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Commodity Digest March 20, 2020

Date : 20th Mar 2020

In this issue,USDA announces China buys 756,000 corn tonnes for 2019/20. NOPA crush, stronger meal outlook boost Doane’s crush forecasts 10M bushels. Low energy prices hurt biodiesel demand. Quarantine populations expected to reduce soyoil consumption. USDA announces China bought 340,000 tonnes of HRW for 2020/21.  

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Commodity Digest 3-13-2020

Date : 13th Mar 2020

In this issue, corn export shipments still lagging well behind pace needed to reach crop year export forecast. COVID-19, global recessionary fears grapple market sentiment. Local sources reduce Argentine soybean crop. Vegetable oil prices fall sharply on growing COVID-19 fears. Improving condition ratings for HRW wheat in Oklahoma and Kansas. Continuing reports of Chinese inquiries for US wheat imports 

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Commodity Digest 3-6-2020

Date : 07th Mar 2020

In this issue, corn prices rally off lows with hopes for Chinese buying of corn and products. Soybean futures slip under outside pressure from COVID-19. Global veg oil prices attempt to rise but pare gains into the weekend. Declining soy meal yields, lower January stocks trim Doane’s carryout projection. Higher wheat condition ratings in the southern Plains.  

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Commodity Digest February 28, 2020

Date : 29th Feb 2020

In this issue, COVID-19 fears send corn prices as investors avoid risk. Outside markets pressure soybean futures. Palm oil futures have worst week since October 2008. CFTC shows funds grew record net-short meal position. Wheat doesn’t escape selling pressure from market fears of COVID-19.  

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COMMODITY DIGEST FEBRUARY 21, 2020

Date : 21st Feb 2020

In this issue, USDA presents its initial 2020/21 U.S. crop supply/demand ideas at the annual Ag Outlook Forum. A tweet Friday morning from POTUS weighed on futures heading into the weekend as traders mull even larger 2020 U.S. plantings in order to receive government payments. South American weather remains benign with crop ideas continuing to rise. Demand for U.S. agricultural products was mixed according to the latest FAS export data. Corn totals remained elevated. Chinese purchases of U.S. ag products remain a focal point as tariff exemption dates approach.

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Commodity Digest 2-14-2020

Date : 14th Feb 2020

In this issue, coronavirus is still an uncertainty for the markets. Brazil and Argentina are both on pace to large corn production totals for a second consecutive year. USDA bumps U.S. soybean exports 50M bushels in Feb WASDE. WASDE raises soyoil ending stocks, lowers Decatur price ideas. CFTC shows funds added to record net-short position in soymeal. USDA increases wheat export forecast, but market seems to ignore.  

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Commodity Digest 2-7-2020

Date : 07th Feb 2020

In this issue,corn export sales top 1 million tonnes for third consecutive week. Soybeans futures find spillover support from higher grain markets. Monthly palm oil data to set the tone ahead of Tuesday’s WASDE. U.S. meal exports continue to impress. Wheat somewhat sensitive to coronavirus news.  

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COMMODITY DIGEST JANUARY 31, 2020

Date : 31st Jan 2020

In this issue, the spread of the coronavirus has sent shockwaves through macro and commodity markets this week as money flies to safety. Ideas that China will need time to recover before beginning purchases agreed to as part of Phase 1 of the trade agreement has added to demand woes in the corn and soybean markets. Soybean products have also felt the pressure closing out the week with sharp losses. Wheat futures have come under some pressure as well, but firmer foreign wheat prices and declining winter wheat conditions likely helped to limit selling pressure. 

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