World Perspectives
biofuel

45Z Tax Credit Preliminary Guidance Released; No GREET Model Yet

As WPI reported on 6 December, the Treasury Department had promised that the compliance regulations for the 45Z Clean Fuels Production credit would be released by the end of the Biden Administration, implying no later than 19 January, the day before President-elect Trump’s inauguration.  Throughout most of this week, the market has been expecting the announcement to happen today, though there were some questions if that would happen given that the federal government was closed yesterday for a National Day of Mourning for former President Jimmy Carter.  In line with expectations, the guidance was issued today. The guidance issued by Treasury, however, was a notice for proposed rulemaking (NPR) which means it is not the final g...

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feed-grains soy-oilseeds wheat

Market Commentary: Market Stalls Waiting for South American Weather Definition

There were modest volumes on this last trading day of the week, except in soymeal and cattle where the goal was to get out of the former and into the latter. There were new contract highs, again, in cattle. Overall weakness was blamed on Argentina’s announced lower tax rates on commodity...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 25 Corn closed at $4.865/bushel, down $0.0325 from yesterday's close.  Mar 25 Wheat closed at $5.44/bushel, down $0.1 from yesterday's close.  Mar 25 Soybeans closed at $10.5575/bushel, down $0.0975 from yesterday's close.  Mar 25 Soymeal closed at $304.9/short ton, down $10...

Rollins Confirmation Hearing

As Gary Blumenthal reported yesterday, the Senate Agriculture Committee held a confirmation hearing on the nomination of Brooke Rollins to be Secretary of USDA. As Gary noted, she “rolled” through the hearings “poised, confident, charming” and had done the groundwork as...

feed-grains soy-oilseeds wheat

Market Commentary: Market Stalls Waiting for South American Weather Definition

There were modest volumes on this last trading day of the week, except in soymeal and cattle where the goal was to get out of the former and into the latter. There were new contract highs, again, in cattle. Overall weakness was blamed on Argentina’s announced lower tax rates on commodity...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 25 Corn closed at $4.865/bushel, down $0.0325 from yesterday's close.  Mar 25 Wheat closed at $5.44/bushel, down $0.1 from yesterday's close.  Mar 25 Soybeans closed at $10.5575/bushel, down $0.0975 from yesterday's close.  Mar 25 Soymeal closed at $304.9/short ton, down $10...

Rollins Confirmation Hearing

As Gary Blumenthal reported yesterday, the Senate Agriculture Committee held a confirmation hearing on the nomination of Brooke Rollins to be Secretary of USDA. As Gary noted, she “rolled” through the hearings “poised, confident, charming” and had done the groundwork as...

feed-grains soy-oilseeds wheat

Market Commentary: Tick Tock on South American Weather

TikTok is still operating but the tick tock on South American will eventually run out of time. Notable developments today included a lower open, but still plenty of strength. Corn remains up about a nickel for the week, beans up more than 30-cents and while wheat dipped today, the large gains l...

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From WPI Consulting

Accountability and a comprehensive approach to export programming

WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.

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