World Perspectives
soy-oilseeds

Oilseeds Highlights: Their Inexorable Rise Continues

WASDE Key Points Everything in oilseeds world goes higher: Global oilseed production at 647 MMT (+8 percent). Global soymeal production (4.25 percent) and exports (3.08 percent). Global soyoil production (3.9 percent) and exports (4 percent). U.S. soybean ending stocks (32 percent) and global soybean ending stocks (16.8 percent) both rise though stocks-to-use ratios remain relatively tight. China drives most of the increase in demand, and Brazil provides half the increase in supply. South American production will rebound in 2023, with Brazil producing 146 MMT, a 19.5 percent increase on 2.8 percent more area. Brazil accounts for half the global increase in soybean production. Argentina will produce 51 MMT, versus 42 MMT in 2021/22...

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feed-grains soy-oilseeds wheat

Market Commentary: Big Bullish Whopper

This last trading day of the first full trading week of 2025 came in like a whimper and went out with a bang. The trading day started with a notably sub-par Export Sales report from USDA. New commitments for wheat, corn, and soybeans all hit a marketing year low for export sales last week...

feed-grains soy-oilseeds

The Historic Context for January WASDE Yield Surprises

USDA surprised the commodity markets on Friday with bullish adjustments to the U.S. corn and soybean balance sheets, particularly the unexpected reductions in yields for both commodities. The surprise created by the latest balance sheet makes it worthwhile to evaluate the USDA’s adjusted estima...

biofuel

45Z Tax Credit Preliminary Guidance Released; No GREET Model Yet

As WPI reported on 6 December, the Treasury Department had promised that the compliance regulations for the 45Z Clean Fuels Production credit would be released by the end of the Biden Administration, implying no later than 19 January, the day before President-elect Trump’s inauguration.  T...

feed-grains soy-oilseeds wheat

Market Commentary: Big Bullish Whopper

This last trading day of the first full trading week of 2025 came in like a whimper and went out with a bang. The trading day started with a notably sub-par Export Sales report from USDA. New commitments for wheat, corn, and soybeans all hit a marketing year low for export sales last week...

feed-grains soy-oilseeds

The Historic Context for January WASDE Yield Surprises

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biofuel

45Z Tax Credit Preliminary Guidance Released; No GREET Model Yet

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feed-grains soy-oilseeds wheat

Summary of Futures

Mar 25 Corn closed at $4.705/bushel, up $0.145 from yesterday's close. Mar 25 Wheat closed at $5.3075/bushel, down $0.0325 from yesterday's close. Mar 25 Soybeans closed at $10.2525/bushel, up $0.2625 from yesterday's close. Mar 25 Soymeal closed at $298.3/short ton, down $1 from...

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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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