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Changes Coming In USDA November WASDE

Changes Coming In USDA November WASDE

Soybean and products table will be affected

The Nov. 9 World Agricultural Supply and Demand Estimates report, which will be released at 8:30 a.m. EST, will include changes to the WASDE soybean and products table, USDA says.

On page 15 in the U.S. Soybeans and Products Supply and Use (Domestic Measure) table, Domestic Disappearance will show breakouts for "Biodiesel" and "Food, Feed, other Industrial."

The projection for Methyl Ester, which represented the use of soybean oil for biodiesel production, was discontinued in the May 2012 WASDE. Biodiesel production data are now published on a monthly basis by the U.S. Energy Information Agency in the Monthly Biodiesel Production Report available here

Changes to USDA WASDE report will affect the soybean and products table

Projections and final estimates for biodiesel published in WASDE will reflect the EIA data in that report.

The current WASDE report and information on how the report is prepared are available at: www.usda.gov/oce/commodity/wasde/.

TAGS: USDA
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