World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: RFS Luck on Friday the 13th

Soybeans and soyoil were already spiking due to Israel’s attack on Iran and the bolt higher in the petroleum market and then the Trump Administration goosed it even higher by issuing a biofuel blend mandate of 24.02 billion gallons in 2026. It will be a record amount under the Renewable Fuel Standard and likely frustrated some market participants that had shed their soyoil positions in recent days expecting a lower blend rate.  Notable is the increase to 5.86 billion gallons of biomass-based diesel in 2027. That is a whopping 75 percent increase over the 3.35 billion gallons in 2025. The mandate will be 5.61 billion gallons in 2026. The Administration is not known to be renewable energy friendly, but the substantial increase is l...

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WPI Grain Transportation Report

Dry Bulk Markets  The dry bulk market rally of the past two weeks has ended with rates turning softer this week. The Capesize sector – which lead the recent rally – is now leading the way lower with the Panamax sector in tow. The reason for the weaker rates is that fresh cargo...

feed-grains soy-oilseeds wheat

Market Commentary: New Highs and Lows, Mixed Volume and Results

December corn closed higher for a second session in a row, no doubt aided by the daily export sales reported by USDA. By contrast and since its recent high back on 18 July, both the September and November soybean contracts have closed lower each session but one.   There was higher vol...

livestock

Livestock Roundup: Cage-Free Egg Trend Complicates HPAI Recovery

USDA released its Egg Products report yesterday. Shell eggs broken totaled 199 million dozen during June 2025, down 2 percent from June 2024, but 2 percent above the 194 million dozen broken during May. During calendar year 2025 through June, shell eggs broken totaled 1.15 billion dozen, down 1...

WPI Grain Transportation Report

Dry Bulk Markets  The dry bulk market rally of the past two weeks has ended with rates turning softer this week. The Capesize sector – which lead the recent rally – is now leading the way lower with the Panamax sector in tow. The reason for the weaker rates is that fresh cargo...

feed-grains soy-oilseeds wheat

Market Commentary: New Highs and Lows, Mixed Volume and Results

December corn closed higher for a second session in a row, no doubt aided by the daily export sales reported by USDA. By contrast and since its recent high back on 18 July, both the September and November soybean contracts have closed lower each session but one.   There was higher vol...

livestock

Livestock Roundup: Cage-Free Egg Trend Complicates HPAI Recovery

USDA released its Egg Products report yesterday. Shell eggs broken totaled 199 million dozen during June 2025, down 2 percent from June 2024, but 2 percent above the 194 million dozen broken during May. During calendar year 2025 through June, shell eggs broken totaled 1.15 billion dozen, down 1...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.1375/bushel, up $0.015 from yesterday's close.  Sep 25 Wheat closed at $5.2325/bushel, down $0.005 from yesterday's close.  Nov 25 Soybeans closed at $9.8925/bushel, down $0.065 from yesterday's close.  Dec 25 Soymeal closed at $276/short ton, up $1.5 fro...

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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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