World Perspectives
biofuel energy

EPA’s E15 Waiver for 2023 in Effect Today

On 28 April, the Environmental Protection Agency (EPA) granted a waiver for the use of E15 during the 2023 summer driving season, which is 1 June - 15 September. This is under the same regulatory authority as was used in 2022 to address an emergency fuel situation.    The Clean Air Act allows EPA, in consultation with the Department of Energy (DOE), to temporarily waive certain fuel requirements to address shortages. In April of 2022, the Biden EPA issued a one-year emergency waiver to allow year-round E15 to reduce retail gasoline prices. That waiver was in response to supply chain disruptions, the war in Ukraine, and other factors leading to higher fuel prices at the pump. With this waiver, based on the war in Ukraine, EPA dete...

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feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.275/bushel, down $0.0125 from yesterday's close.  Mar 26 Wheat closed at $5.3725/bushel, up $0.09 from yesterday's close.  Mar 26 Soybeans closed at $11.24/bushel, up $0.015 from yesterday's close.  Mar 26 Soymeal closed at $303/short ton, up $2.2 from ye...

wheat

WASDE Wheat - Feb 2026

USDA’s outlook for 2025/26 U.S. wheat is unchanged for exports and slightly higher ending stocks to 931 million bushels - 9 percent higher than last year and the largest since 2019/20. The projected 2025/26 season-average farm price remains at $4.90 per bushel.  The global outlook fo...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.2875/bushel, down $0.015 from yesterday's close.  Mar 26 Wheat closed at $5.2875/bushel, down $0.01 from yesterday's close.  Mar 26 Soybeans closed at $11.1075/bushel, down $0.045 from yesterday's close.  Mar 26 Soymeal closed at $297.8/short ton, down $5...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.275/bushel, down $0.0125 from yesterday's close.  Mar 26 Wheat closed at $5.3725/bushel, up $0.09 from yesterday's close.  Mar 26 Soybeans closed at $11.24/bushel, up $0.015 from yesterday's close.  Mar 26 Soymeal closed at $303/short ton, up $2.2 from ye...

wheat

WASDE Wheat - Feb 2026

USDA’s outlook for 2025/26 U.S. wheat is unchanged for exports and slightly higher ending stocks to 931 million bushels - 9 percent higher than last year and the largest since 2019/20. The projected 2025/26 season-average farm price remains at $4.90 per bushel.  The global outlook fo...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.2875/bushel, down $0.015 from yesterday's close.  Mar 26 Wheat closed at $5.2875/bushel, down $0.01 from yesterday's close.  Mar 26 Soybeans closed at $11.1075/bushel, down $0.045 from yesterday's close.  Mar 26 Soymeal closed at $297.8/short ton, down $5...

New Trade Agreements

Just as Donald Trump’s dismantling of the world order is said to have motivated Europe’s conclusion of trade agreements with Mercosur and India, his trade agreements with India and Argentina are thought to have been motivated by Europe’s trade moves. A novel question: who is f...

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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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