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
Sen. Roger Marshall, a founding member and chairman of the Make America Healthy Again caucus, joined us with his thoughts on the commission’s latest report and the key ag-related issues.
Grain shippers face lower freight values thanks to weak soybean exports and strong rail service, but barge traffic and forward Gulf loadings suggest continued uncertainty as harvest ramps up.
The Fertilizer Research Act, reintroduced by Sens. Grassley, Ernst, and Baldwin, would direct the USDA to study and publish public reports on competition and pricing trends in the fertilizer market.
Allowing year-round sales of E15 nationally could deliver billions in economic gains, according to a new study from the Renewable Fuels Association and National Corn Growers Association.
Producers may need to prepare for margin pressure in livestock feeding, while dairy farmers could benefit from stronger product demand.
Farmers await concrete trade commitments from China. Until then, export prospects for soybeans, corn, and sorghum remain uncertain against strong South American competition.
National Sorghum Producers CEO Tim Lust said farmers face a challenging year with strong supply, murky trade conditions, and uncertain access to their largest market: China.
U.S. trade talks with China resume, but meat industry leaders say dealing with shifting demand and market uncertainty is nothing new in this side of the ag sector.
Tariffs are pushing up input costs, with fertilizer prices rising $100 per ton and machinery costs climbing due to steel and parts duties.

Agriculture Shows
From soil to harvest. Top Crop is an all-new series about four of the best farmers in the world—Dan Luepkes, of Oregan, Illinois; Cory Atley, of Cedarville, Ohio; Shelby Fite, of Jackson Center, Ohio; Russell Hedrick, of Hickory, North Carolina—reveals what it takes for them to make a profitable crop. It all starts with good soil, patience, and a strong planter setup.
Champions of Rural America is a half-hour dive into the legislative priorities for Rural America. Join us as we interview members of the Congressional Western Caucus to learn about efforts in Washington to preserve agriculture and tackles the most important topics in the ag industry on Champions of Rural America!
Featuring members of Congress, federal and state officials, ag and food leaders, farmers, and roundtable panelists for debates and discussions.
The goal of “Where the Food Comes From” is as simple as its name implies — host Chip Carter takes you along on the journey of where our food comes from — and we don’t just mean to the supermarket (though that’s part of the big picture!). But beyond where it comes from, how it gets there, and all the links in the chain that make that happen.
Join markets specialist Scott Shellady, better known as the Cow Guy, as he covers the market-close, breaking down headlines that drive the commodities and equities markets with commentary from respected industry heavyweights.