World Perspectives
biofuel energy

Declining Gas Consumption and Biofuel Use

EPA has sent the 2014 Required Volume Obligations (RVO) rule to the Office of Management and Budget for review. This rule establishes how much ethanol and biodiesel will be required to be blended into the gasoline supply for 2014. EPA has telegraphed its intentions at least twice now with the first being the proposed 2013 RVO that indicated excess carryover Renewable Identification Numbers (RINs) would help meet the mandate for 2013, but that the situation would be different in 2014. The second time was with the final 2013 RVO that came out quite late on 6 August and stated that it would be difficult to mandate more than 13.2 billion gallons of ethanol for 2014.Of course, the issue is the expanding Renewable Fuel Standard (RFS) mandate sp...

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Summary of Futures

Jul 25 Corn closed at $4.47/bushel, down $0.04 from yesterday's close.  Jul 25 Wheat closed at $5.34/bushel, up $0.0375 from yesterday's close.  Jul 25 Soybeans closed at $10.5175/bushel, up $0.0325 from yesterday's close.  Jul 25 Soymeal closed at $296.4/short ton, up $2.7 from...

feed-grains soy-oilseeds wheat

Market Commentary: Volatility versus Fundamentals

Markets have been trending lower this week and while soybeans and SRW teased lower numbers this morning, both ultimately turned around and left corn and soyoil the lonely losers for the day. HRS continued to bounce on the lower crop rating early this week. In contrast to SRW and HRW, HRS is up...

livestock

Livestock Roundup: Chicken Weights Suggest Sandwich War Return

USDA updated its forecast for broiler production in 2025 and released its initial estimate for 2026. The 2025 estimate was revised lower by 260 million pounds and is now expected to be up just 1.1 percent from the previous year. At the beginning of the year, projections were for a 1.4 percent i...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.47/bushel, down $0.04 from yesterday's close.  Jul 25 Wheat closed at $5.34/bushel, up $0.0375 from yesterday's close.  Jul 25 Soybeans closed at $10.5175/bushel, up $0.0325 from yesterday's close.  Jul 25 Soymeal closed at $296.4/short ton, up $2.7 from...

feed-grains soy-oilseeds wheat

Market Commentary: Volatility versus Fundamentals

Markets have been trending lower this week and while soybeans and SRW teased lower numbers this morning, both ultimately turned around and left corn and soyoil the lonely losers for the day. HRS continued to bounce on the lower crop rating early this week. In contrast to SRW and HRW, HRS is up...

livestock

Livestock Roundup: Chicken Weights Suggest Sandwich War Return

USDA updated its forecast for broiler production in 2025 and released its initial estimate for 2026. The 2025 estimate was revised lower by 260 million pounds and is now expected to be up just 1.1 percent from the previous year. At the beginning of the year, projections were for a 1.4 percent i...

feed-grains soy-oilseeds wheat

Market Commentary: Crop Progress Silver Linings Pressure Corn, Soybeans

CBOT markets were mostly mixed in quiet trade overnight, but that tenor changed quickly once the day session started. The Crop Progress report initially appeared supportive for the major markets with planting slowing for corn and soybeans and corn and spring wheat conditions coming in below exp...

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From WPI Consulting

Weighing in on strategic realignment

WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.

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