World Perspectives
feed-grains biofuel

Bullish Ethanol Production

USDA released the September Grain Crushings report today; total corn use for fuel alcohol was down 2 percent from August, but up 1 percent from September 2020, starting the marketing year off in the right direction. Moreover, ethanol production for the week ending 22 October hit 1.106 million barrels per day, its highest level since the record weekly output of the last week in November 2017. That follows a strong two prior two weeks of production over 1 million barrels per day, the first sustained 1 million barrels per day production level since the last week of July. Ethanol production in October, based on data from the first three weeks, could be an estimated 15 percent higher month over month.  If normal patterns of monthly p...

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feed-grains soy-oilseeds wheat

Market Commentary: Unmoved and Uncertain

It was the third straight day of flash soybean sales to China. The IGC tightened global soybean balances. The morning’s USDA’s export sales report showed corn and wheat ahead of last year. The September employment report showed substantially larger gains than expected. Stocks opened...

soy-oilseeds

Soybean Crushing Margins Outlook for Q1 2025

CBOT board soybean crush margins have been volatile over the past two months due to rapidly changing political and export outlooks as well as shifting global supply expectations. In mid-October, the January crush margin hit a rally high of 155 cents/bushel before it dropped to a contract low of...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.265/bushel, down $0.0325 from yesterday's close.  Mar 26 Wheat closed at $5.4075/bushel, down $0.0875 from yesterday's close.  Jan 26 Soybeans closed at $11.225/bushel, down $0.1375 from yesterday's close.  Dec 25 Soymeal closed at $314/short ton, down $4...

feed-grains soy-oilseeds wheat

Market Commentary: Unmoved and Uncertain

It was the third straight day of flash soybean sales to China. The IGC tightened global soybean balances. The morning’s USDA’s export sales report showed corn and wheat ahead of last year. The September employment report showed substantially larger gains than expected. Stocks opened...

soy-oilseeds

Soybean Crushing Margins Outlook for Q1 2025

CBOT board soybean crush margins have been volatile over the past two months due to rapidly changing political and export outlooks as well as shifting global supply expectations. In mid-October, the January crush margin hit a rally high of 155 cents/bushel before it dropped to a contract low of...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.265/bushel, down $0.0325 from yesterday's close.  Mar 26 Wheat closed at $5.4075/bushel, down $0.0875 from yesterday's close.  Jan 26 Soybeans closed at $11.225/bushel, down $0.1375 from yesterday's close.  Dec 25 Soymeal closed at $314/short ton, down $4...

livestock

Livestock Round Up: HPAI Vaccine and Trade Concerns

The Indiana State Board of Animal Health (BOAH) reports that the most recent cases of HPAI have been confirmed on two commercial broiler operations, two commercial meat duck facilities, and one commercial breeder duck operation in LaGrange and Elkhart Counties. On February 8, 2022, HPAI was ini...

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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.

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