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

WPI Crop Progress and Conditions App (Updated 16 September)

Update for 28 April 2025: Last year, users pointed out differences between the 5-year averages reported in this app and what USDA estimates in its weekly report. The difference exists because WPI calculates average based on the last 5 years of observations for the current week. In cases where o...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.295/bushel, up $0.0625 from yesterday's close.  Dec 25 Wheat closed at $5.34/bushel, up $0.09 from yesterday's close.  Nov 25 Soybeans closed at $10.4975/bushel, up $0.07 from yesterday's close.  Dec 25 Soymeal closed at $286.1/short ton, up $0.4 from yes...

livestock

Livestock Industry Margins

Beef packer margins improved for the sixth straight week to put returns at their highest point in two years. The increase in margins came despite a pullback in beef values as packers were able to push fed cattle prices even lower and increase profits. The big concern for packers in the next 3-4...

feed-grains soy-oilseeds wheat

WPI Crop Progress and Conditions App (Updated 16 September)

Update for 28 April 2025: Last year, users pointed out differences between the 5-year averages reported in this app and what USDA estimates in its weekly report. The difference exists because WPI calculates average based on the last 5 years of observations for the current week. In cases where o...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.295/bushel, up $0.0625 from yesterday's close.  Dec 25 Wheat closed at $5.34/bushel, up $0.09 from yesterday's close.  Nov 25 Soybeans closed at $10.4975/bushel, up $0.07 from yesterday's close.  Dec 25 Soymeal closed at $286.1/short ton, up $0.4 from yes...

livestock

Livestock Industry Margins

Beef packer margins improved for the sixth straight week to put returns at their highest point in two years. The increase in margins came despite a pullback in beef values as packers were able to push fed cattle prices even lower and increase profits. The big concern for packers in the next 3-4...

feed-grains soy-oilseeds wheat

Market Commentary: Waiting for Confirmation or Contradiction

The CBOT was mostly in the red to start the week with the bullishness from Friday’s WASDE report failing to trigger enthusiasm from bulls this week. Corn and soybeans both tried to rally and follow Friday’s bullish action, but quickly triggered farmer/hedge selling and profit taking...

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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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