World Perspectives
biofuel energy

Ethanol Snapshot

One month ago today, the EPA sent its proposed rule for the 2019 Required Volume Obligations (RVOs) for biofuel use to the Office of Management and Budget (OMB) for a final sign-off. The OMB review is the last step before the RVO rule is published in the Federal Register for public comment. OMB anticipates that it will be published this month and the volumes finalized by December, which is later than the statutory deadline of 30 November. The upcoming RVO rule is highly anticipated to see if it contains any reforms targeted at lowering the price of Renewable Identification Numbers (RINs), which a series of small refinery waivers issued by the EPA has temporarily done and a proposed year-round approval for E15 is projected to do. Meanwhile,...

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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

Illuminating the value of technical research

On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.

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