Updates Bulletins

Provide USDA Updates

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.

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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.

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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.

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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. 

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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. 

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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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2019 February USDA Reports Commentary

Date : 08th Feb 2019

On February 8, 2019, the USDA issued their monthly WASDE Report as well as a few other reports usually released in January, due to the government shutdown during that time. The other reports were Crop Production, Grain Stocks, and Winter Wheat Seedings. The Doane economists summarize the reports and offer some immediate analysis. 

**PLEASE NOTE: There was no January 2019 NOPA or January WASDE Report because of the partial government shutdown. 
 

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