World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Short Covering Ahead of the WASDE

The CBOT saw mostly WASDE-motivated short covering on Monday with funds scaling back short positions in wheat and soybeans and cautiously extending longs in the corn market. Fresh news was light for the day and traders were mostly focused on adjusting positions ahead of the WASDE. The weather remains mostly favorable across the U.S. and South America, which is reducing opportunities for volatility or supply-side surprises in the upcoming report. Note that the December WASDE typically features demand-side adjustments, which would favor bullish revisions to the corn balance sheet and possibly soybeans, while creating the outlook for a very neutral report for wheat. The weekly Export Inspections report was neutral for corn and wheat while...

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feed-grains soy-oilseeds wheat

Market Commentary: Perfect Micro-Storm for Grains

The CBOT was higher on Tuesday in a continuation of the post-WASDE exuberance. Rather than USDA’s world balance sheets providing a reason to rally, however, it was the Crop Progress report, rumors of new export business, and progress in a U.S.-China trade agreement that motivated the day&...

biofuel energy

Biodiesel and Renewable Diesel Supply Down on First Half of Year

U.S. imports of biodiesel and renewable diesel significantly decreased in the first half of 2025 compared with the same period in previous years. This decline is primarily due to the loss of tax credits for imported biofuels.   Additionally, domestic consumption is also down. In Janua...

No Tariffs, No Reforms; Nōgyō for PM; Turnabout is Fair Play

No Tariffs, No Reforms U.S. President Donald Trump has urged the EU to join him in imposing tariffs on China and    for purchasing Russian oil. EU officials have signaled they are disinclined to use tariffs, but may be willing to impose sanctions on the companies that transact the oil...

feed-grains soy-oilseeds wheat

Market Commentary: Perfect Micro-Storm for Grains

The CBOT was higher on Tuesday in a continuation of the post-WASDE exuberance. Rather than USDA’s world balance sheets providing a reason to rally, however, it was the Crop Progress report, rumors of new export business, and progress in a U.S.-China trade agreement that motivated the day&...

biofuel energy

Biodiesel and Renewable Diesel Supply Down on First Half of Year

U.S. imports of biodiesel and renewable diesel significantly decreased in the first half of 2025 compared with the same period in previous years. This decline is primarily due to the loss of tax credits for imported biofuels.   Additionally, domestic consumption is also down. In Janua...

No Tariffs, No Reforms; Nōgyō for PM; Turnabout is Fair Play

No Tariffs, No Reforms U.S. President Donald Trump has urged the EU to join him in imposing tariffs on China and    for purchasing Russian oil. EU officials have signaled they are disinclined to use tariffs, but may be willing to impose sanctions on the companies that transact the oil...

feed-grains soy-oilseeds wheat

WPI Crop Progress and Conditions App (Updated 16 September)

Update for 28 April 2025: Last year, users pointed out differences between the 5-year averages reported in this app and what USDA estimates in its weekly report. The difference exists because WPI calculates average based on the last 5 years of observations for the current week. In cases where o...

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From WPI Consulting

Infrastructure investment due diligence

On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.

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