Updates Bulletins

Provide USDA Updates

NOPA July 2019 Crush Report

Date : 15th Aug 2019

In this issue, NOPA reported that members crushed 168.1 million bushels of soybeans in July. This was up 19.3 million bushels from June and was far above the average of published trade guesses. Members produced 1.971 billion lbs. of soybean oil in the month, versus 1.737 billion lbs. produced last month and above 1.929 billion lbs. produced last July. This pegged the monthly oil yield at 11.73 lbs. per bushel, which was up 0.06 lbs. per bushel from 11.67 in June.  

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Reaction to the August WASDE Report

Date : 12th Aug 2019

In this issue, USDA's monthly Supply and Demand Report (WASDE) was much-anticipated by the ag industry because of one of the slowest planting seasons on record, and USDA had resurveyed farmers since March intentions were most likely not what was actually happening in the fields. The Doane economists include information and reactions to USDA data on corn, soybeans, soyoil, soymeal, wheat, and cotton. 

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NOPA July 15, 2019

Date : 15th Jul 2019

NOPA released its June 2019 monthly crush report on July 15, 2019. NOPA reported that members crushed just 148.8 million bushels of soybeans in June. This was down 6 million bushels from May and fell well below the average of published trade guesses. Members produced 1.737 billion lbs. of soybean oil in the month, versus 1.822 billion lbs. produced in May and 1.835 billion lbs. produced last year. This pegged the monthly oil yield at 11.67 lbs. per bushel, which was down 0.10 lbs. per bushel from 11.77 in May. NOPA members produced 3.494 million tons of soybean meal...

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Doane Economist Reacton to the July 2019 WASDE

Date : 11th Jul 2019

In this issue, the corn export forecast was reduced by 100 million bushels. Export sales and shipments have slowed dramatically over the past two to three months, with competition from the large South American harvest a major factor. For 2018-19 soybeans, supply was unchanged from last month. On the demand side, USDA decreased the estimated old-crop bean crush by 15 million bushels to 2.085 billion bushels.Changes to USDA’s U.S. soybean oil balances were mostly as expected in the July WASDE. USDA increased its projection for the 2019 U.S. wheat crop 18 million bushels from June to reach 1.921 billion bushels. The U.S. cotton data on today’s USDA WASDE report were generally bearish, particularly those concerning the old-crop situation.  

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June 2019 Acreage and Grain Stocks Reports

Date : 28th Jun 2019

In this issue, USDA announced that farmers in all Midwest states will be reinterviewed to determine final plantings. USDA released its annual Acreage report on Friday, June 28. The report did not meet analysts' prior expectations because it was reported that more corn acreage was planted than previously thought, but not as much for soybeans. Futures did not react all that well to the data. 

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Canadian Crop Summary June 26, 2019

Date : 26th Jun 2019

In this issue, Statistics Canada released its Principal Field Crop Areas report this morning. Famers say they will plant fewer acres to wheat and canola. That is in comparison to both last year and to the April intentions report. The news was supportive to wheat and soybean oil prices in early trading. The Canadian farm survey was conducted between May 14 and June 11.

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NOPA June 17, 2019

Date : 17th Jun 2019

In this issue, NOPA released its May 2019 monthly crush report on June 17, 2019. NOPA reported that members crushed 154.8 million bushels of soybeans in May. Members produced 1.822 billion lbs. of soybean oil in the month, versus 1.871 billion lbs. produced in April and 1.885 billion lbs. produced last year. This pegged an oil yield of 11.77 lbs. per bushel, which was up 0.08 lbs. per bushel from 11.69 in April.

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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.

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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.

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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. 

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