Key Takeaways:
World prices are strong; U.S. grower data doesn’t show it. Australia's benchmark finished the 2025/26 season 61 percent higher, while the value of the 2025 U.S. clip fell 7 percent. The U.S. clip is coarser than the wool behind the headlines. Only about 7 percent was finer than 20.5 micron in 2023, and 30 percent was 26 micron or coarser. Using 6 November prices, the U.S. mix is worth roughly three-quarters of what the benchmark implies per clean pound. The missing middle is a scale problem. Only about 9.1 million of the 22.7 million pounds clipped in 2023 needed domestic scouring, while a 2022 Australian feasibility study puts a fine-wool scour breakeven above 17.6 million pounds. Anchor demand is the way in. Military...
Veterans Day offers a moment to pause and recognize the people behind the uniform. To all who have served and the families who have supported them, thank you for your dedication, courage and sacrifice. Markets had plenty of headlines to digest today, and grains offered some encouraging follow-t...
Key Takeaways: The recent pullback in crude oil and other energy markets has left many in the ag and biofuels communities wondering what it means for ethanol and biodiesel prices and profit margins. WPI’s research indicates a weak but still significant link between ethanol and crud...
Key Takeaways: Alabama and Louisiana have requested partial waivers of 2027 Renewable Fuel Standard (RFS) requirements, arguing that rising compliance costs are contributing to higher fuel prices and economic hardship. Louisiana Governor Jeff Landry is encouraging neighboring states to join th...