World Perspectives
biofuel

Ag Policy Options Being Consider Regarding Russia/Ukraine Situation

As is typical when there is a crisis – from foreign policy issues, to the China trade situation, to animal disease, to COVID, and more – the market gets bombarded with rumors, leaks and speculation about potential emergency policy actions which may – or may not – be taken to mitigate the crisis. Or, more political risk may be created from unintended consequences. The Russia invasion of Ukraine is no different. There are three potential actions that are current topics of discussion: banning Russian oil imports, opening the CRP, and a temporary waiver of the RFS. To be clear, WPI doesn’t have any inside or direct intel to report at this time but does have some experience ( from being on the “inside”...

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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...

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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...

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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

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feed-grains soy-oilseeds

The Historic Context for January WASDE Yield Surprises

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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

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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