World Perspectives
biofuel

Retro RVOs May Disappoint, but 2022 RVO Bullish Corn and Veg Oil

EPA released its 2022 proposed required volume obligations (RVO) under the RFS along with the retroactive 2021 volumes and an adjustment to the 2020 volumes.   EPA is also proposing to add a 250-million-gallon “supplemental obligation” to the volumes proposed for 2022 and stated its intent to add another 250 million gallons in 2023. This would address the remand of the 2014-2016 annual rule by the DC Circuit Court of Appeals in Americans for Clean Energy v. EPA. As WPI wrote on 15 June: That extra 500 million gallons is an issue that continues to hang over EPA as it tries to balance out the 2022 RVO with the realities of the market. Effectively, that would make the conventional obligation 15.25 billion gallons for...

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feed-grains soy-oilseeds wheat

Market Commentary: USDA Reports Offer Few Surprises, Weather Dominates Trade Outlook

The USDA’s Grain Stocks and Acreage reports dominated the CBOT’s attention on Monday with the Noon ET release of both datasets driving the day’s action. There were relatively few surprises in the report but minor deviations from expectations helped create support in new crop s...

Un-Trade Agreements; Ag in Big Beautiful Bill; CAP Controversy

Un-Trade Agreements It did not take long for Canadian officials to reverse their digital services tax after President Trump threatened to end trade negotiations. Canada is second only to Mexico in terms of trade dependence on the U.S. Many Canadian producers are already hurting from trade sanct...

feed-grains soy-oilseeds wheat

WPI Crop Progress and Conditions App (Updated 30 June)

Update for 28 April 2025: Last year, users pointed out differences between the 5-year averages reported in this app and what USDA estimates in its weekly report. The difference exists because WPI calculates average based on the last 5 years of observations for the current week. In cases where o...

feed-grains soy-oilseeds wheat

Market Commentary: USDA Reports Offer Few Surprises, Weather Dominates Trade Outlook

The USDA’s Grain Stocks and Acreage reports dominated the CBOT’s attention on Monday with the Noon ET release of both datasets driving the day’s action. There were relatively few surprises in the report but minor deviations from expectations helped create support in new crop s...

Un-Trade Agreements; Ag in Big Beautiful Bill; CAP Controversy

Un-Trade Agreements It did not take long for Canadian officials to reverse their digital services tax after President Trump threatened to end trade negotiations. Canada is second only to Mexico in terms of trade dependence on the U.S. Many Canadian producers are already hurting from trade sanct...

feed-grains soy-oilseeds wheat

WPI Crop Progress and Conditions App (Updated 30 June)

Update for 28 April 2025: Last year, users pointed out differences between the 5-year averages reported in this app and what USDA estimates in its weekly report. The difference exists because WPI calculates average based on the last 5 years of observations for the current week. In cases where o...

feed-grains soy-oilseeds wheat

Summary of Futures

Sep 25 Corn closed at $4.0925/bushel, down $0.0225 from yesterday's close.  Sep 25 Wheat closed at $5.3825/bushel, down $0.025 from yesterday's close.  Nov 25 Soybeans closed at $10.27/bushel, up $0.0225 from yesterday's close.  Aug 25 Soymeal closed at $275.8/short ton, up $0.2...

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From WPI Consulting

Illuminating the value of technical research

On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.

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