World Perspectives
biofuel

Ethanol More Expensive to Blenders, but Fuel Demand a Record

Things are bearish for ethanol producers despite a strong gasoline market. Ethanol margins are being squeezed to their lowest point in about six months, mostly on the decrease in ethanol prices. However, corn prices ranging above last year are contributing to the pressure. Renewable Identification Number (RIN) prices are also slumping. Current year D6 ethanol RINs are now trading below 20 cents after starting the year averaging 66 cents through the month of January. That drop in prices is having the reverse impact on the costs of blending, however. RIN prices reflect the cost of compliance with the Renewable Fuel Standard (RFS) as they are the implicit subsidy for biofuel production paid for by the obligated parties but ultimately passed...

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feed-grains soy-oilseeds wheat

Export Sales Bouy Grains; Argy Weather, Slow Exports Sink Soybeans

Grain markets were quiet in Friday’s overnight trade despite the bullish technical days they scored on Thursday. The Export Sales report – as one of the few fundamental updates available for the day – was influential in determining the grain markets’ direction for the day. That meant support fo...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 25 Corn closed at $4.54/bushel, up $0.0025 from yesterday's close. Mar 25 Wheat closed at $5.465/bushel, up $0.055 from yesterday's close. Mar 25 Soybeans closed at $9.8975/bushel, down $0.075 from yesterday's close. Mar 25 Soymeal closed at $310.5/short ton, down $4.4 from y...

feed-grains soy-oilseeds wheat

Argentine Weather Emboldens CBOT Bulls

The CBOT found its way to higher ground on Thursday after an old-school hard opening with no overnight session to guide the market. Argentina’s weather is starting to become more impactful for grain futures as dryness persists into the mid-January forecast, which could disrupt early corn and so...

feed-grains soy-oilseeds wheat

Export Sales Bouy Grains; Argy Weather, Slow Exports Sink Soybeans

Grain markets were quiet in Friday’s overnight trade despite the bullish technical days they scored on Thursday. The Export Sales report – as one of the few fundamental updates available for the day – was influential in determining the grain markets’ direction for the day. That meant support fo...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 25 Corn closed at $4.54/bushel, up $0.0025 from yesterday's close. Mar 25 Wheat closed at $5.465/bushel, up $0.055 from yesterday's close. Mar 25 Soybeans closed at $9.8975/bushel, down $0.075 from yesterday's close. Mar 25 Soymeal closed at $310.5/short ton, down $4.4 from y...

feed-grains soy-oilseeds wheat

Argentine Weather Emboldens CBOT Bulls

The CBOT found its way to higher ground on Thursday after an old-school hard opening with no overnight session to guide the market. Argentina’s weather is starting to become more impactful for grain futures as dryness persists into the mid-January forecast, which could disrupt early corn and so...

livestock

Livestock Roundup: Butterfat Boom

As WPI reported on 2 July, USDA released its proposed Federal Milk Marketing Order (FMMO) reforms; the final proposal was released in early November 2024.  This final proposal will now go to producer referenda in each of the 11 FMMO regions. Producers whose milk was pooled in January...

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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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