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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feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.535/bushel, up $0.0975 from yesterday's close.  May 26 Wheat closed at $5.8375/bushel, up $0.155 from yesterday's close.  May 26 Soybeans closed at $11.7925/bushel, up $0.0975 from yesterday's close.  May 26 Soymeal closed at $309.3/short ton, down $0.6 f...

feed-grains soy-oilseeds wheat

Market Commentary: Middle East Turmoil Keeps Commodities Higher

War-related upward pressure in petroleum prices continues to provide support to grain prices. Brent crude oil hit $85/barrel and WTI crude rose 8.5 percent, its biggest jump since July 2024 and the first time above $80/barrel in over a year. HRW hit its highest price in a year, corn broke throu...

feed-grains soy-oilseeds wheat

Export Sales

Export Sales and Shipments for February 20-26, 2026. Wheat: Net sales of 203,100 metric tons (MT) for 2025/2026 were down 16 percent from the previous week and 42 percent from the prior 4-week average. Export shipments of 348,900 MT were down 35 percent from the previous week and 24 percent fro...

feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.535/bushel, up $0.0975 from yesterday's close.  May 26 Wheat closed at $5.8375/bushel, up $0.155 from yesterday's close.  May 26 Soybeans closed at $11.7925/bushel, up $0.0975 from yesterday's close.  May 26 Soymeal closed at $309.3/short ton, down $0.6 f...

feed-grains soy-oilseeds wheat

Market Commentary: Middle East Turmoil Keeps Commodities Higher

War-related upward pressure in petroleum prices continues to provide support to grain prices. Brent crude oil hit $85/barrel and WTI crude rose 8.5 percent, its biggest jump since July 2024 and the first time above $80/barrel in over a year. HRW hit its highest price in a year, corn broke throu...

feed-grains soy-oilseeds wheat

Export Sales

Export Sales and Shipments for February 20-26, 2026. Wheat: Net sales of 203,100 metric tons (MT) for 2025/2026 were down 16 percent from the previous week and 42 percent from the prior 4-week average. Export shipments of 348,900 MT were down 35 percent from the previous week and 24 percent fro...

livestock

Livestock Round Up: Preview of Feedlot Placements and Changing Canada Dynamics

Feeder cattle sales were up over a year ago in February, but much of that was due to February 2025 sales being light. Still, the increase in activity bears watching, both for what it implies about feedlot placements and for herd rebuilding.  In the four weeks ending February 27, total feed...

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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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