World Perspectives
biofuel energy

Action on RINs Reform and Tax Credit Key to Biodiesel Forecast

According to the U.S. Energy Information Administration (EIA), biodiesel production totaled 148 million gallons in November 2017, the same amount as in October and 5 million gallons more than in November 2016. Production during January-November 2017 totaled 1.447 billion gallons (101.5 percent of the volume for the same period in 2016), and 52 percent of the feedstock was soyoil. Annual production capacity in November was 2.415 billion gallons (103 percent of the capacity in November 2016). In short, capacity has grown more than production over the past year. The trend lines in the above chart reflect a number of policy developments. First, 2017 began with the loss of the biodiesel blenders’ tax credit, which has expired in the pas...

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feed-grains soy-oilseeds wheat

Market Commentary: CBOT Rises as Precipitation Forecasts Fall

The CBOT tried – and mostly succeeded – to reverse Friday’s selloff with corn, wheat, and the soy complex all turning higher to start the first full trading week of 2025. The fundamental catalysts for the day’s strength were the slide in the U.S. dollar, thanks to more trade-friendly (or at lea...

Congress Certifies 2024 Election

In a joint session today, Congress certified the 2024 election results. That sets up the incoming Trump Administration to pursue an ambitious First 100 Days of executive orders and other legislative activity that will likely include many of the campaign promises he made, including significant d...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 25 Corn closed at $4.5775/bushel, up $0.07 from yesterday's close. Mar 25 Wheat closed at $5.405/bushel, up $0.1125 from yesterday's close. Mar 25 Soybeans closed at $9.9775/bushel, up $0.06 from yesterday's close. Mar 25 Soymeal closed at $307.3/short ton, down $1.3 from yes...

feed-grains soy-oilseeds wheat

Market Commentary: CBOT Rises as Precipitation Forecasts Fall

The CBOT tried – and mostly succeeded – to reverse Friday’s selloff with corn, wheat, and the soy complex all turning higher to start the first full trading week of 2025. The fundamental catalysts for the day’s strength were the slide in the U.S. dollar, thanks to more trade-friendly (or at lea...

Congress Certifies 2024 Election

In a joint session today, Congress certified the 2024 election results. That sets up the incoming Trump Administration to pursue an ambitious First 100 Days of executive orders and other legislative activity that will likely include many of the campaign promises he made, including significant d...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 25 Corn closed at $4.5775/bushel, up $0.07 from yesterday's close. Mar 25 Wheat closed at $5.405/bushel, up $0.1125 from yesterday's close. Mar 25 Soybeans closed at $9.9775/bushel, up $0.06 from yesterday's close. Mar 25 Soymeal closed at $307.3/short ton, down $1.3 from yes...

Another Trump Threat; UPF Threat; AI Threat; Africa-Land of Opportunity

Another Trump ThreatThe farm community supported Donald Trump’s election despite his pledge of tariffs that will no doubt cause retaliation against U.S. exports. Then he nominated food sector critic Robert F. Kennedy, Jr. to oversee the safety of the industry. Trump himself had signed the Preve...

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From WPI Consulting

Infrastructure investment due diligence

On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.

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