No WASDE This Month: Will China Buy Soybeans During the USDA Data Reporting Freeze?

NASHVILLE, Tenn. (RFD-TV) — The markets will be without a major monthly report from the U.S. Department of Agriculture (USDA). We are talking about the WASDE report that should have been released on Thursday, but is now on hold due to the ongoing government shutdown.

In a large memo posted to the WASDE section of the USDA’s website, users are greeted with a message stating that the report is now suspended until further notice. Other reports are also on hold, with nearly half of USDA’s workforce in limbo until Congress appropriates the necessary spending. This includes information on overnight grain sales.

And without overnight data, that means the markets will be in the dark on purchases, including those by China. One market analyst tells us he would not be surprised if China bought some US soybeans while the information flow is shut off.

“Since then, what we’ve seen is renewed buying coming into the soybean market, and we’ve seen it in both futures and future spreads,” Darin Newsom explained. “And so, the big question last week, as I did all my interviews last week, was: How would we be able to tell without government guidance if the world’s largest buyer had stepped back in? Which they tend to do when the U.S. government shuts down because there’s no one reporting on their activity.”

He says there have been signs since the government shut down last week.

“We tend to see some business, albeit securing secondary supplies,” Newsom said. “How would we be able to tell what comes in the futures and what comes in the future spreads?”

For now, the October WASDE report is up in the air. In previous shutdowns, USDA never released those WASDE reports that had been delayed.

Related Stories
Escalating U.S.–China tensions threaten soybean demand as farm finances are stretched further.
Expect a steady corn grind and selective basis strength where exports and local blending stay active.
ock NH3 early, track China’s Oct. 15 call and any U.S. Russia-UAN action, stay nimble on urea, and budget cautiously for high-priced phosphate.
Expect business-as-usual for most container exports.
CoBank Lead Grains Economist Tanner Ehmke joins us to share insight and concerns over current grain storage capacity as export demand lags.
Farm CPA Paul Neiffer shares his perspective on the uncertain outlook of federal farm relief and the Farm Bill, which may not materialize until the government shutdown ends.

LATEST STORIES BY THIS AUTHOR:

Key signs of the U.S. beef herd’s recovery are improved pasture conditions, lower feed costs, and increased regulatory alignment and support for producers to implement targeted grazing practices.
Dr. Mark Svoboda with the National Drought Mitigation Center discusses a new global drought report and resources to help operations increase drought resilience.
Treat financial stress as a health risk—know the warning signs, normalize conversations, and connect farm families to local and national support early.
Congress has just over a month of working days left for the year. Plan for uneven USDA service until funding is restored, and closely monitor Farm Bill talks, as avoiding Permanent Law before January 1 is the single biggest risk to markets and milk prices.
Mexico’s tougher, two-step treatment and added checkpoints are catching cases before they can spread—good news for producers near the border.
Harvest Builds As Logistics And Input Costs Shape Fall Decisions