World Perspectives

Market Commentary: The Calendar Is Not in Control

Energy: Risk Over Rules Fighting between the United States and Iran over control of the Strait of Hormuz escalated overnight. Tehran accused U.S. forces of striking a residential area after U.S. Central Command said its second round of attacks in three days targeted Iranian radar systems and mi...

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feed-grains soy-oilseeds wheat

Summary of Futures

Dec 26 Corn closed at $5.435/bushel, down $0.025 from yesterday's close.  Dec 26 Wheat closed at $7.74/bushel, down $0.085 from yesterday's close.  Nov 26 Soybeans closed at $13.1025/bushel, down $0.075 from yesterday's close.  Dec 26 Soymeal closed at $349.6/short ton, down $3 f...

soy-oilseeds biofuel

Paraguay’s Unique Place in the Global Soybean Trade

Key Takeaways: Paraguay typically ranks among the world’s largest soybean exporters, with roughly two-thirds of its production destined for export markets, although most shipments remain within South America. As a landlocked country, Paraguay relies heavily on the Paraguay-Paraná...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 24–28 August 2026 During the fourth week of August, the Russian grain market continued to slide, although the pace of the decline slowed. The immediate market reaction and collapse in export activity have placed significant pressure on farmers. Price declines vary b...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 26 Corn closed at $5.435/bushel, down $0.025 from yesterday's close.  Dec 26 Wheat closed at $7.74/bushel, down $0.085 from yesterday's close.  Nov 26 Soybeans closed at $13.1025/bushel, down $0.075 from yesterday's close.  Dec 26 Soymeal closed at $349.6/short ton, down $3 f...

soy-oilseeds biofuel

Paraguay’s Unique Place in the Global Soybean Trade

Key Takeaways: Paraguay typically ranks among the world’s largest soybean exporters, with roughly two-thirds of its production destined for export markets, although most shipments remain within South America. As a landlocked country, Paraguay relies heavily on the Paraguay-Paraná...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 24–28 August 2026 During the fourth week of August, the Russian grain market continued to slide, although the pace of the decline slowed. The immediate market reaction and collapse in export activity have placed significant pressure on farmers. Price declines vary b...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 26 Corn closed at $5.46/bushel, up $0.0825 from yesterday's close.  Dec 26 Wheat closed at $7.825/bushel, up $0.085 from yesterday's close.  Nov 26 Soybeans closed at $13.1775/bushel, up $0.2975 from yesterday's close.  Dec 26 Soymeal closed at $352.6/short ton, up $7.3 from...

Failing to Learn from History, Ghana Locks Down Cocoa Acres

Key Takeaways:  Ghana’s new law classifies all cocoa plantations as “protected farms,” which carries significant implications for farmers. Chief among these implications is the inability to switch area under cocoa to other crops, even when economic or biological conditio...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 26 Corn closed at $5.46/bushel, up $0.0825 from yesterday's close.  Dec 26 Wheat closed at $7.825/bushel, up $0.085 from yesterday's close.  Nov 26 Soybeans closed at $13.1775/bushel, up $0.2975 from yesterday's close.  Dec 26 Soymeal closed at $352.6/short ton, up $7.3 from...

feed-grains soy-oilseeds wheat

Market Commentary: Contract Highs to Start September; Demand Destruction is the Point

What You Need to Know Today: The EPA offered an extension for 2025 RSF compliance reporting from 1 September 2026 to 1 October 2026 and announced decisions on requests to exempt 34 small refineries from the requirements. The U.S. is stepping up attacks against Iran after two tankers carrying c...

feed-grains biofuel energy

EPA Announces 2025 SREs under the RFS: 1.76 Billion RINs

On Monday, 31 August, the U.S. Environmental Protection Agency (EPA) announced decisions for 34 small refinery exemption (SRE) petitions under the Renewable Fuel Standard (RFS) program for 2025. In consultation with the U.S. Department of Energy (DOE), EPA reviewed and considered information su...

soy-oilseeds biofuel energy

EPA Grants 29 SREs, but Reallocation is the Story

Key Takeaways: EPA granted full or partial Small Refinery Exemptions to 29 of the 34 petitions under consideration, removing approximately 1.76 billion RINs from 2025 compliance obligations, roughly 770 million more RINs than EPA had previously anticipated. The larger exemption total does not...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean, and Africa Regional Analysis

Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt, at the end of July, is once again the largest importer of maize from Brazil at about 2.6 million MT from January to July — followed by Iran at 1.1 MMT, Algeria at 665,000 MT, Saudi Arabia at 435,000 MT, and Israel at...

livestock

Livestock Industry Margins

Beef packer margins improved sharply to $258/head last week, up $145 from the prior week as the Choice cutout strengthened while fed cattle prices declined. The cutout rose to nearly $382/cwt, while fed cattle prices fell to $219/cwt, extending the rapid recovery in packer spreads that began in...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 26 Corn closed at $5.3775/bushel, up $0.0125 from yesterday's close.  Dec 26 Wheat closed at $7.74/bushel, down $0.1 from yesterday's close.  Nov 26 Soybeans closed at $12.88/bushel, up $0 from yesterday's close.  Dec 26 Soymeal closed at $345.3/short ton, down $3.6 from yest...

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