Key Takeaways:
Ethanol margins continue to retreat from recent highs as rising costs – particularly corn and natural gas – offset gains in ethanol and DDGS values. WPI’s models expect ethanol margins to broadly follow their seasonal pattern, declining into the new year, with margins falling to -$0.13/gallon by mid-December. Weaker returns to ethanol production are not likely to materially damage corn demand or ethanol output, with WPI’s models calling for more corn use than EIA and USDA figures suggest. Biodiesel margins remain just shy of record highs as strong D4 RIN prices and near-record-high biodiesel prices support returns. Biodiesel remains vulnerable to political changes, with the industry responding t...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
Key Takeaways: With the fall calf run now upon us, producers are finally getting a glimpse of what their realized profits will be for 2026. Some producers may have already obtained a strong estimate of 2026 revenues, especially if calves were forward sold in, for example, the mid-summer...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
