The recent weakness in soyoil prices – and, indeed, the multi-year plunge from record highs in 2022 – has been driven by the dynamics of declining expectations for consumption of renewable diesel and biodiesel. This fact is likely well known by WPI readers, though the details of what exactly has been driving the decline may not be as readily identifiable. This article examines the major drivers behind the renewable diesel boom and its impact on soyoil prices, and how the recent deterioration of industry profits has negatively affected these markets. Based on market conditions and our analysis currently, WPI looks for soyoil prices to dip further in 2024/25, but a growing export program should help prevent a major market collapse. As a...
What Matters Today... Fed holds rates steady as inflation uncertainty tied to the Iran conflict pressures equities and supports broader commodity risk premia Biofuel demand accelerating globally, with U.S. imports of used cooking oil and strong soyoil demand reinforcing upside across the soy c...
Russian Grain Markets: 20-24 April 2026 During the week in review, the Russian grains market remained volatile with a broadly bullish undertone. However, it remains too early to determine whether this shift is being driven by geopolitical factors or short-term positioning. The market continues...
WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “...
From WPI Consulting
Forecasting developments in production agriculture
On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.