The U.S. Census Bureau has announced that it will stop publishing its monthly reports on soybean crush and cotton inventory data after the release of the July figures, which is scheduled for August 25. This decision comes as part of a broader effort by the Obama administration to cut federal spending, with the 2012 budget proposal aiming to reduce funding for this particular statistical project.
A spokesperson for the U.S. Bureau of Statistics confirmed that the final release of oilseed production and consumption data will be published on September 1. The report will mark the end of an ongoing program that has provided critical market information for years.
According to the White House’s proposed budget submitted to Congress on February 14, the statistics project would lose $11 million annually if approved. This includes not only monthly data but also quarterly and annual reports, which are widely used by agricultural traders and policymakers. Industry experts believe the budget is likely to pass, given the current political focus on reducing government expenditures.
In a recent statement, the U.S. Bureau of Statistics said, “We have evaluated several projects and have made the difficult decision to either terminate or scale back certain programs due to budget constraints.†This move has raised concerns among industry stakeholders who rely on the data for market analysis and decision-making.
While the bureau has not ruled out the possibility of resuming the reports in the future, the current plan is to discontinue them unless there is a significant change in funding or policy. This development underscores the growing challenges faced by federal agencies in maintaining long-term data collection efforts amid fiscal pressures.
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