World Perspectives
biofuel

Proposed RVOs: Canola Oil and Electric Vehicles are the Winners

The EPA released the proposed required volume obligations for 2023 through 2025 yesterday. Below is a summary of the proposed volumes by category. The top takeaways: In a separate proposed rule issued with the RVOs, EPA finalized an approved pathway for canola oil to be used in renewable diesel – that’s positive for canola. Ethanol volumes are bumped up in 2024 and 2025 – that’s positive for corn. And the biggest news, under the proposed rule, EV’s would be able to generate RINs, qualifying as advanced biofuel and nested within the cellulosic biofuel category – that’s very positive for EVs and renewable electricity, but threatening to biodiesel, as well as liquid fuels overall.&nbs...

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feed-grains soy-oilseeds wheat

Market Commentary: Comfortable, With Jitters

There was generally low volume in grains today as traders await USDA’s important reports on Friday. There is no reason to spend more money on fees or commissions after spending several days aligning with the perceived outcomes. At the same time, market noise does not completely stop and there i...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 25 Corn closed at $4.54/bushel, down $0.04 from yesterday's close. Mar 25 Wheat closed at $5.3625/bushel, down $0.0625 from yesterday's close. Mar 25 Soybeans closed at $9.945/bushel, down $0.0275 from yesterday's close. Mar 25 Soymeal closed at $300.8/short ton, down $2.7 fr...

Trudeau Resigns as Canadian Prime Minister

On the campaign trail in 2024, then-candidate and now President-elect Donald Trump proposed to levy tariffs of 10 to 20 percent on all imports, and 60 percent on imports from China. Then on the week of Thanksgiving, that changed to 25 percent tariffs on Canada and Mexico, and an additional 10 p...

feed-grains soy-oilseeds wheat

Market Commentary: Comfortable, With Jitters

There was generally low volume in grains today as traders await USDA’s important reports on Friday. There is no reason to spend more money on fees or commissions after spending several days aligning with the perceived outcomes. At the same time, market noise does not completely stop and there i...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 25 Corn closed at $4.54/bushel, down $0.04 from yesterday's close. Mar 25 Wheat closed at $5.3625/bushel, down $0.0625 from yesterday's close. Mar 25 Soybeans closed at $9.945/bushel, down $0.0275 from yesterday's close. Mar 25 Soymeal closed at $300.8/short ton, down $2.7 fr...

Trudeau Resigns as Canadian Prime Minister

On the campaign trail in 2024, then-candidate and now President-elect Donald Trump proposed to levy tariffs of 10 to 20 percent on all imports, and 60 percent on imports from China. Then on the week of Thanksgiving, that changed to 25 percent tariffs on Canada and Mexico, and an additional 10 p...

feed-grains soy-oilseeds wheat

Market Commentary: No Major Swings on More Positioning Ahead of WASDE

Corn opened lower but managed a quarter penny higher close, and hogs tried to follow cattle higher at the open but ended lower for a third session in a row, but the rest of the pack ended the day where it started with equally small changes.Fundamentals are helping corn, wheat and cattle, and so...

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From WPI Consulting

Infrastructure investment due diligence

On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.

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