World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Not Pretty

Though they closed higher, volume was down in corn and soybeans and wheat shaved off some more excess value. The truth is there is just not much to move the market right now. The lower value of the dollar plus rising equities and oil provides some outside support but the fundamentals are stable. The bull market is fading, not disappearing, and speculative money continues to trickle out.  However, the Black Swan event could be right around the corner. The Saudi Arabian energy minister warned that the coming months could become more painful. It is already painful enough that a group of U.S. Congressional liberals proposed (and then withdrew) a request that the White House negotiate with Vladimir Putin. Russia has destroyed part of Ukrai...

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feed-grains soy-oilseeds wheat

Market Commentary: Big Bullish Whopper

This last trading day of the first full trading week of 2025 came in like a whimper and went out with a bang. The trading day started with a notably sub-par Export Sales report from USDA. New commitments for wheat, corn, and soybeans all hit a marketing year low for export sales last week...

feed-grains soy-oilseeds

The Historic Context for January WASDE Yield Surprises

USDA surprised the commodity markets on Friday with bullish adjustments to the U.S. corn and soybean balance sheets, particularly the unexpected reductions in yields for both commodities. The surprise created by the latest balance sheet makes it worthwhile to evaluate the USDA’s adjusted estima...

biofuel

45Z Tax Credit Preliminary Guidance Released; No GREET Model Yet

As WPI reported on 6 December, the Treasury Department had promised that the compliance regulations for the 45Z Clean Fuels Production credit would be released by the end of the Biden Administration, implying no later than 19 January, the day before President-elect Trump’s inauguration.  T...

feed-grains soy-oilseeds wheat

Market Commentary: Big Bullish Whopper

This last trading day of the first full trading week of 2025 came in like a whimper and went out with a bang. The trading day started with a notably sub-par Export Sales report from USDA. New commitments for wheat, corn, and soybeans all hit a marketing year low for export sales last week...

feed-grains soy-oilseeds

The Historic Context for January WASDE Yield Surprises

USDA surprised the commodity markets on Friday with bullish adjustments to the U.S. corn and soybean balance sheets, particularly the unexpected reductions in yields for both commodities. The surprise created by the latest balance sheet makes it worthwhile to evaluate the USDA’s adjusted estima...

biofuel

45Z Tax Credit Preliminary Guidance Released; No GREET Model Yet

As WPI reported on 6 December, the Treasury Department had promised that the compliance regulations for the 45Z Clean Fuels Production credit would be released by the end of the Biden Administration, implying no later than 19 January, the day before President-elect Trump’s inauguration.  T...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 25 Corn closed at $4.705/bushel, up $0.145 from yesterday's close. Mar 25 Wheat closed at $5.3075/bushel, down $0.0325 from yesterday's close. Mar 25 Soybeans closed at $10.2525/bushel, up $0.2625 from yesterday's close. Mar 25 Soymeal closed at $298.3/short ton, down $1 from...

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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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