World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Wheat Rises as Russia Considers Export Ban; Cattle Extend Rally

The CBOT saw wheat emerge as the upside leader for the day with multiple bullish stories offering support, including one from Reuters that indicates Russia may be considering a ban on grain exports. Details are nonexistent, but there is reportedly a meeting soon between the ag ministry and grain traders to “discuss” a possible ban. That, combined with global weather issues and a 1-MMT cut to Argentina’s wheat crop forecast, put wheat in the green for the day. Corn and soybeans tried to follow but, lacking any bullish story(ies) of their own, such attempts failed and markets slid lower. Funds were slight net sellers in corn and the soy complex while still covering shorts in wheat. Pre-WASDE trade and position evening, of co...

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feed-grains soy-oilseeds wheat

Market Commentary: Geopolitics Skews the Week

It was another day of big volume in the soy complex. While soybeans closed higher for a fourth session, corn and wheat failed to follow, or perhaps their drag pulled soybeans back to fundamental reality. There are still no new export sales.  The Chinese are smart, and if they intend to buy...

biofuel

Biofuels Policy: 45Z and E15

The Office of Management and Budget (OMB) has signed off on a rule for the 45Z tax credit. The credit was created by the Inflation Reduction Act of 2022 during the Biden Administration for the production and sale of low-emission transportation fuels. It was updated and extended as part of the r...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.3025/bushel, down $0.0475 from yesterday's close.  Mar 26 Wheat closed at $5.2975/bushel, down $0.055 from yesterday's close.  Mar 26 Soybeans closed at $11.1525/bushel, up $0.03 from yesterday's close.  Mar 26 Soymeal closed at $303.6/short ton, up $0.4...

feed-grains soy-oilseeds wheat

Market Commentary: Geopolitics Skews the Week

It was another day of big volume in the soy complex. While soybeans closed higher for a fourth session, corn and wheat failed to follow, or perhaps their drag pulled soybeans back to fundamental reality. There are still no new export sales.  The Chinese are smart, and if they intend to buy...

biofuel

Biofuels Policy: 45Z and E15

The Office of Management and Budget (OMB) has signed off on a rule for the 45Z tax credit. The credit was created by the Inflation Reduction Act of 2022 during the Biden Administration for the production and sale of low-emission transportation fuels. It was updated and extended as part of the r...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.3025/bushel, down $0.0475 from yesterday's close.  Mar 26 Wheat closed at $5.2975/bushel, down $0.055 from yesterday's close.  Mar 26 Soybeans closed at $11.1525/bushel, up $0.03 from yesterday's close.  Mar 26 Soymeal closed at $303.6/short ton, up $0.4...

soy-oilseeds

Volatility and Opportunity Abound in Soy Pricing

Soybean futures and the broader soy complex saw heightened volatility this week on a combination of domestic and international demand drivers. Following these moves, it is relevant to examine what seasonal pricing patterns suggest for the futures market, as well as what the implications are for...

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From WPI Consulting

Weighing in on strategic realignment

WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.

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