USDA to change November WASDE report
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WASHINGTON, D.C., October 25, 2012 - The November 9 World Agricultural Supply and Demand Estimates (WASDE) report will include changes to the WASDE soybean and products table. 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 (EIA) in the Monthly Biodiesel Production Report, available here. 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 http://www.usda.gov/oce/commodity/wasde/.