Wheat and soybean markets were lower overnight with corn trading fractionally higher. The big question today was whether yesterday’s strength in corn and soybean futures was anything more than a technical bounce off of recent lows or instead a reaction to bullish news. Corn maintained some strength, but the soybean rally faltered. Wheat was lower again today despite a few bullish news stories. Trading volume was light, especially relative to yesterday. There is no evidence of any progress on trade talks between the U.S. and China nor of any impending announcement regarding a trade deal between the U.S. and Canada despite the rumor of one for several weeks. U.S. equity markets were strong again today as investors saw cues from Washin...
What You Need to Know Today: Record biofuel demand continues to support soyoil values, as EIA data show that May soyoil usage as a biofuel feedstock reached a record 1.434 billion pounds. The latest data reinforces the strength of renewable fuel demand and helps explain ongoing investment in a...
A bipartisan group of 26 lawmakers, led by Representative David Valadao (R-CA), sent a letter to House Speaker Mike Johnson (R-Louisiana) and House Agriculture Committee Chair GT Thompson (R-Pennsylvania) requesting that $5 billion of the temporary economic assistance for farmers go toward spec...
Key Takeaways: Soyoil consumption as a biofuel feedstock climbed to a record 1.434 billion pounds in May, setting a new all-time monthly high. Improved 45Z policy clarity in February 2026 has supported stronger soyoil demand from the biofuel sector by providing producers with greater certainty...
From WPI Consulting
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.