GOOD MORNING, Prices are mixed overnight with the key feature that of profit-taking in oilshare, with weaker soyoil futures weighing on beans. Weather remains a mostly bearish component now, though soaking rains from Hurricane Ida in the Gulf are unwelcome. Wheat is higher against corn and beans. Basis is firm for nearby corn and beans in central and eastern Corn Belt areas, though there are reports that western corn basis is softening. US beans and corn continue to be the cheapest in the world, and China needs to cover Oct/Nov/Dec/Jan needs. Beans: Continues in a wide trading range with traders thinking that yields are going to be good. Concerns about demand continue, with big numbers comi...
What You Need to Know Today: Record biofuel demand continues to support soyoil values, as EIA data show that May soyoil usage as a biofuel feedstock reached a record 1.434 billion pounds. The latest data reinforces the strength of renewable fuel demand and helps explain ongoing investment in a...
A bipartisan group of 26 lawmakers, led by Representative David Valadao (R-CA), sent a letter to House Speaker Mike Johnson (R-Louisiana) and House Agriculture Committee Chair GT Thompson (R-Pennsylvania) requesting that $5 billion of the temporary economic assistance for farmers go toward spec...
Key Takeaways: Soyoil consumption as a biofuel feedstock climbed to a record 1.434 billion pounds in May, setting a new all-time monthly high. Improved 45Z policy clarity in February 2026 has supported stronger soyoil demand from the biofuel sector by providing producers with greater certainty...
From WPI Consulting
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.