World Perspectives
biofuel energy

RIN Trading and RFS Reallocation

With the Trump administration’s plan to reduce RIN prices expected to be released at any moment, it was timely that the Intercontinental Exchange (ICE) saw its first trade of the D6 ethanol RINs futures contract. On 21 May, the exchange offered a monthly cash-settled future based on the OPIS daily assessment price. According to the Oil Price Information Service (OPIS), the contract traded twice today at 20 cents. There was one transaction of nine lots and another of a single lot. A contract is 50,000 RINs. RIN prices are down from about 86 cents at the beginning of the year and reached as low as 18 cents yesterday. Currently, the ethanol credits are trading at the lowest level in about five years. The small refinery waivers issued by...

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Market Commentary: Export Sales Fail to Excite Soybeans; Corn, Wheat Down on Technical Trade

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Summary of Futures

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Market Commentary: South American Weather, Profit Tanking Sink CBOT

Grains and oilseeds nearly all traded lower to start the week with profit taking driving most of the action as the CBOT enters another holiday-shortened week. The only market to finish higher was soyoil, where a geopolitical tension driving bounce in crude oil helped support the vegoil. Improve...

feed-grains soy-oilseeds wheat

Market Commentary: Export Sales Fail to Excite Soybeans; Corn, Wheat Down on Technical Trade

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Summary of Futures

Mar 26 Corn closed at $4.405/bushel, down $0.0175 from yesterday's close.  Mar 26 Wheat closed at $5.1075/bushel, down $0.0225 from yesterday's close.  Mar 26 Soybeans closed at $10.6225/bushel, down $0.0125 from yesterday's close.  Mar 26 Soymeal closed at $302.3/short ton, down...

feed-grains soy-oilseeds wheat

Market Commentary: South American Weather, Profit Tanking Sink CBOT

Grains and oilseeds nearly all traded lower to start the week with profit taking driving most of the action as the CBOT enters another holiday-shortened week. The only market to finish higher was soyoil, where a geopolitical tension driving bounce in crude oil helped support the vegoil. Improve...

feed-grains soy-oilseeds wheat

Grinch Close for 2025

According to stock market statisticians, the S&P 500 stock index historically makes an average of 1.3 to 1.4 percent gains during the last five days of December and the first two days of January. The so-called Santa Clause rally has happened nearly 80 percent of the time, with analysts attr...

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From WPI Consulting

Illuminating the value of technical research

On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.

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