November WASDE Report to Now Include Biodiesel Production

October 25, 2012 05:47 AM

Via a special arrangement with Informa Economics, Inc.

NOTE: This column is copyrighted material, therefore reproduction or retransmission is prohibited under U.S. copyright laws.

Change based on information published by U.S. EIA.

USDA will again provide a biodiesel figures in the WASDE report. The Nov. 9 World Agricultural Supply and Demand Estimates (WASDE) report, which will be released at 8:30 a.m. EST, will include changes to the WASDE soybean and products table, USDA announced today.

On the U.S. soybeans and products supply/demand tables, domestic disappearance will now 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.

Comments: The projection for Methyl Ester was discontinued because reliable data measuring the use of soybean oil for this purpose are no longer available as the Census Bureau discontinued the fats and oils crushing data. This EIA information now provides an output dataset for USDA to use. But the loss of the fats and oilseeds crush data still leaves USDA and the industry without an important set of data, and so far, there are no efforts underway to try and get that data collection effort over to USDA as that would take a legislative shift and obviously more funds, the latter being something not plentiful in Washington.


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