World Perspectives
biofuel

Biofuel Standards and the Farm Bill Move Forward Today

It has been a busy policy day for agriculture with the EPA’s release of the proposed biofuel volumes for 2019 and the Senate taking up the farm bill. The EPA’s proposed Required Volume Obligations (RVOs) under the Renewable Fuel Standard (RFS) boost the overall biofuels volume to 19.88 billion gallons, which would be 10.88 percent of total over-the-road fuel, including gasoline and diesel.

The conventional ethanol volume was maintained at the statutory maximum of 15 billion gallons. The entire 590 million-gallon increase proposed in the overall RVO was provided by the advanced category. Within the overall advanced category, cellulosic fuel was raised by 93 million gallons. The balance of the increase could be met by either un...

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feed-grains soy-oilseeds wheat

Market Commentary: Late Corn Rally; Soyoil Aborts Complex; Wheat Splits

A mostly bullish overnight session was not sustained, splitting the soy complex and wheat. Corn rallied late to avert a loss. The morning opened with USDA’s Export Sales report reflecting the turn by buyers to lower-cost sources. There was good volume trading corn and the soy complex, and...

feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.435/bushel, up $0.015 from yesterday's close.  May 26 Wheat closed at $5.745/bushel, up $0.0475 from yesterday's close.  May 26 Soybeans closed at $11.635/bushel, down $0.015 from yesterday's close.  May 26 Soymeal closed at $320.9/short ton, down $0.9 fr...

feed-grains soy-oilseeds wheat

Export Sales

Export Sales and Shipments for February 13-19, 2026  Wheat: Net sales of 243,000 metric tons (MT) for 2025/2026 were down 16 percent from the previous week and 43 percent from the prior 4-week average. Export shipments of 540,000 MT were up 67 percent from the previous week and 28 percent...

feed-grains soy-oilseeds wheat

Market Commentary: Late Corn Rally; Soyoil Aborts Complex; Wheat Splits

A mostly bullish overnight session was not sustained, splitting the soy complex and wheat. Corn rallied late to avert a loss. The morning opened with USDA’s Export Sales report reflecting the turn by buyers to lower-cost sources. There was good volume trading corn and the soy complex, and...

feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.435/bushel, up $0.015 from yesterday's close.  May 26 Wheat closed at $5.745/bushel, up $0.0475 from yesterday's close.  May 26 Soybeans closed at $11.635/bushel, down $0.015 from yesterday's close.  May 26 Soymeal closed at $320.9/short ton, down $0.9 fr...

feed-grains soy-oilseeds wheat

Export Sales

Export Sales and Shipments for February 13-19, 2026  Wheat: Net sales of 243,000 metric tons (MT) for 2025/2026 were down 16 percent from the previous week and 43 percent from the prior 4-week average. Export shipments of 540,000 MT were up 67 percent from the previous week and 28 percent...

livestock

Livestock Round Up: Wholesale Protein CPI

During the State of the Union (SOTU) address, President Trump made several claims about food prices, citing reductions in costs to consumers. Food inflation is a major issue for voters, and the President is hyper-focused on beef prices in particular prior to the 2026 mid-term elections. The fin...

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From WPI Consulting

Communicating importance of value-added products

Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.

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