Updates Bulletins

Provide USDA Updates

Doane Economist Reaction to the June 2019 WASDE

Date : 11th Jun 2019

Corn prices had a positive reaction to USDA’s deeper than expected cut to the 2019 production outlook. Futures gained 12 cents on the close after trading several cents lower ahead of the USDA release. Soybean prices trended higher in late-session trading to close slightly higher after initially weakening on higher ending stocks forecasts. Changes to USDA’s 2018/19 U.S. soybean oil balance sheet raised projected ending stocks 85 million lbs. USDA inched its 2019 U.S. winter wheat estimate nearly 6 million bushels from May in the June Crop Production report to reach 1.274 billion bushels.


NOPA May 15, 2019

Date : 15th May 2019

NOPA released its April 2019 monthly crush report on May 15, 2019. NOPA reported that members crushed 160.0 million bushels in April. Members produced 1.871 billion lbs. of soybean oil in the month, versus 2.000 billion lbs. in March and 1.857 billion lbs. last year.


Doane Economist Reaction to the May 2019 WASDE

Date : 11th May 2019

On May 10, 2019, the USDA released the WASDE report. In this WASDE report, the USDA released world and US information for corn, soybeans, soy oil, soy meal, and wheat. Because of the trade war and rhetoric on Twitter from Donald Trump, the futures didn't react as much to the WASDE Report as they might usually. 


Canadian Crop Summary April 2019

Date : 25th Apr 2019

In this issue of Doane's reaction to the Canada Principal Field Crop Areas Report released on April 24, 2019, wheat seeding intentions were higher than expected, reaching to the top end of various trade forecasts. Canola seeding intentions came in toward the low end of expectations and consistent with trade expectations on average for a decrease. Corn plantings were above expectations.


NOPA April 15, 2019

Date : 15th Apr 2019

The March 2019 NOPA Report was released on April 15, 2019. NOPA reported that members crushed 170.011 million bushels in March. Members produced 2.000 billion lbs. of soybean oil in the month, versus 1.807 billion lbs. in February and 1.977 billion lbs. last year.


April 2019 WASDE Report Reaction

Date : 10th Apr 2019

The USDA released its April 2019 WASDE Report on April 9, 2019. Following the report, corn futures were trading fractionally higher, soybeans were steady to a penny lower, winter wheat futures were 2 to 5 cents lower, spring wheat futures were steady to a penny lower and cotton futures were down 35 to 90 points.


2019 Prospective Plantings and Quarterly Grain Stocks Reports

Date : 29th Mar 2019

The quarterly USDA Grain Stocks report issued Friday focused upon domestic grain and soybean stocks as of March 1. These totals often provide significant insights into demand strength during the December-February quarter. The corn total at 8.605 billion bushels topped industry forecasts by 265 million bushels. Soybeans stocks at 2.716 billion bushels essentially match expectations. The USDA simultaneously released its annual Prospective Plantings report, which proved bearish for corn and bullish for soybeans. Projected spring wheat plantings at 12.830 million also fell well short of estimates.


NOPA March 2019

Date : 15th Mar 2019

Despite falling below expectations, the crush remained a new record for February above last year. Members produced 1.807 billion lbs. of soybean oil in the month, versus 1.993 billion lbs. in January and 1.768 billion lbs. last year. This pegged an oil yield of 11.69 lbs. per bushel, which was in-line with Doane’s pre-report expectation for a rebound from January. 


March 2019 WASDE Reaction

Date : 08th Mar 2019

In this issue, Doane economists summarize and react to the March 8, 2019, WASDE from USDA in the areas of corn, soy complex, wheat and cotton. Along with text and short analysis of each area, we also include the balance sheets for these major commodities for February/March 2017-2018 and February/March 2018-2019. 


February 2019 NOPA Report

Date : 15th Feb 2019

NOPA released its January 2019 monthly crush report on February 15, 2019. NOPA reported that members crushed 171.6 million bushels in January. The strong crush pace was a new record for the month and was also the fourth-largest month on record. 


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