World Perspectives
biofuel energy

Brazil Punts on Ethanol TRQ

Reports from Brazil indicate that the government is leaning toward extending the TRQ for U.S. ethanol imports for 90 days (the TRQ expired yesterday). There has been no official action yet.   The expected extension is considered a compromise solution from President Bolsonaro. It would hep the Trump Administration by maintaining the quota for duty free ethanol imports, and it helps Bolsonaro politically as the domestic industry is calling for eliminating the tariff free quota altogether and applying a 20 percent tariff. The U.S. industry wants total duty-free access like in 2017; the Brazilian industry wants market access to the U.S. sugar market in order to give up the TRQ. Brazil is subject to a quota for sugar exports to the U...

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Market Commentary: Today was Green but Headwinds for the Week

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Export Sales

Export Sales and Shipments for November 1-7, 2024. Wheat: Net sales of 380,100 metric tons (MT) for 2024/2025 were up 1 percent from the previous week, but down 17 percent from the prior 4-week average. Export shipments of 301,300 MT were up 27 percent from the previous week and 5 percent...

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Despite recent decreases in feeder cattle futures and rising feedstuff costs, estimated cow-calf producer margins are largely unchanged from WPI’s October estimate. The stable and positive financial environment means that producers are still facing strong financial incentives to expand the U.S...

feed-grains soy-oilseeds wheat

Market Commentary: Today was Green but Headwinds for the Week

Corn, soymeal, live cattle and lean hogs all traded lower during the morning start but by the end of the day, only lean hogs ended lower. There were modest volumes being traded on Friday for most contracts, except feeder cattle where it was nearly double the five-day average.December soymeal hi...

feed-grains soy-oilseeds wheat

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livestock

Cow-Calf Margins Steady in November, Herd Expansion Still Likely

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feed-grains soy-oilseeds wheat

Summary of Futures

Dec 24 Corn closed at $4.24/bushel, up $0.05 from yesterday's close. Dec 24 Wheat closed at $5.365/bushel, up $0.0625 from yesterday's close. Jan 25 Soybeans closed at $9.985/bushel, up $0.11 from yesterday's close. Dec 24 Soymeal closed at $289.6/short ton, up $2.6 from yesterda...

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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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