American Soybean Association.

USDA to Begin U.S. Oilseed Crush Reports in 2015

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Source: American Soybean Association.

Starting in 2015, the U.S. Department of Agriculture (USDA) is taking responsibility for collecting and publishing the oilseeds data. Since the U.S. Census Bureau discontinued the reports in 2011 due to budget cuts, ASA worked to gain congressional support and urge the USDA to take over development and publication of the reports.

The information is important to government agencies, private industry and futures markets and does not exist elsewhere, except in incomplete form. The soybean industry utilized the reports in many ways, including tracking the amount of soybeans processed into meal and oil.

According to Reuters, USDA is in the process of establishing the framework for data collection to compile the various reports and plans to begin publication sometime in 2015.

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