World Perspectives
feed-grains biofuel

Ethanol Overview

The U.S. Energy information Administration (EIA) today released the May Short-Term Energy Outlook (STEO), which maintains its estimate of ethanol use in 2019 at 14.53 billion gallons but trims the forecast for 2020 about 0.4 percent to 14.55 billion gallons (949,000 barrels/day). On a marketing year basis, the ethanol supply shows a slight drop in production in MY 2018/19 and a net wash in consumption. We’re now in Q3, and both consumption and production will start to inch upward into the summer driving season. The EPA’s approval of year-round E15 use by 1 June could add an ever-so-slight boost if that new expected regulation doesn’t get caught up in legal challenges. Meanwhile, USDA data shows that corn use by ethanol...

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feed-grains soy-oilseeds wheat

Export Sales

Export Sales and Shipments for June 27-July 3, 2025 Wheat: Net sales of 567,800 metric tons (MT) for 2025/2026 were primarily for South Korea (90,000 MT), Japan (70,000 MT), Mexico (55,900 MT), Malaysia (55,000 MT), and the Philippines (54,400 MT) and were partly offset by reductions for the Do...

feed-grains soy-oilseeds wheat

Market Commentary: Mostly Higher Ahead of Tomorrow’s WASDE

Wheat spent the session mostly higher while corn, soybeans, and soymeal bounced around treading lower but eking out gains later in the action. Part of this was position squaring ahead of tomorrow’s July WASDE report by USDA. It will be a bull/bear square off with any surprise to the bulli...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.165/bushel, up $0.01 from yesterday's close.  Sep 25 Wheat closed at $5.545/bushel, up $0.075 from yesterday's close.  Nov 25 Soybeans closed at $10.1375/bushel, up $0.065 from yesterday's close.  Dec 25 Soymeal closed at $285.3/short ton, up $2.4 from ye...

feed-grains soy-oilseeds wheat

Export Sales

Export Sales and Shipments for June 27-July 3, 2025 Wheat: Net sales of 567,800 metric tons (MT) for 2025/2026 were primarily for South Korea (90,000 MT), Japan (70,000 MT), Mexico (55,900 MT), Malaysia (55,000 MT), and the Philippines (54,400 MT) and were partly offset by reductions for the Do...

feed-grains soy-oilseeds wheat

Market Commentary: Mostly Higher Ahead of Tomorrow’s WASDE

Wheat spent the session mostly higher while corn, soybeans, and soymeal bounced around treading lower but eking out gains later in the action. Part of this was position squaring ahead of tomorrow’s July WASDE report by USDA. It will be a bull/bear square off with any surprise to the bulli...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.165/bushel, up $0.01 from yesterday's close.  Sep 25 Wheat closed at $5.545/bushel, up $0.075 from yesterday's close.  Nov 25 Soybeans closed at $10.1375/bushel, up $0.065 from yesterday's close.  Dec 25 Soymeal closed at $285.3/short ton, up $2.4 from ye...

livestock

Livestock Roundup: Feds Sue California over Eggs

Yesterday, the federal government filed suit against California over Proposition 12’s effects on egg prices under the Egg Products Inspection Act of 1970, which sets standards to ensure eggs and egg products are properly labeled and packaged while preempting state law that imposes additio...

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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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