World Perspectives
biofuel

Supreme Court and SREs: Next Steps

As Gary Blumenthal reported on Friday, the Supreme Court, in a 6-3 decision, overruled the 10th District Federal Court of Appeals decision on the EPA’s granting of small refinery exemptions (SREs) to meet the renewable fuel standard (RFS) volumes.  Recall that in January 2020, the 10th District Court ruled that EPA went beyond its statutory authority in granting three different small refinery exemptions (SREs) for 2016 and 2017; this decision came regarding a case filed by several producer and biofuels groups in 2018. SREs were automatic through 2013; after that, refineries had to petition for them based on proving that economic harm was caused by the RFS volumes. The Court ruled that none of the three refineries which received...

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livestock

Livestock Industry Margins

Beef packer margins were positive for the second straight week with holiday grilling demand supporting the beef market and packer profits. Packers have done an incredible job managing margins this summer and in just  three weeks swung from the deepest losses on record to well above breakev...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Monday’s delayed CFTC report showed managed money traders shifting from a neutral to a more bearish sentiment across the ag space. Funds added 63,000 contacts (360 percent) to their small net short across all ag futures last week and now hold a bearish position of 81,000 contracts short...

feed-grains soy-oilseeds wheat

Market Commentary: Grains Sink on Ideal Weather; Cattle Rally Despite Feeder Imports Resuming

Grain markets gapped-lower on the Sunday night opening after a weekend of uneventful and favorable weather that was absent of any significant trade news. The weakness continued into the day session with corn and soybeans turning in the biggest losses for the day as the weather outlook continues...

livestock

Livestock Industry Margins

Beef packer margins were positive for the second straight week with holiday grilling demand supporting the beef market and packer profits. Packers have done an incredible job managing margins this summer and in just  three weeks swung from the deepest losses on record to well above breakev...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Monday’s delayed CFTC report showed managed money traders shifting from a neutral to a more bearish sentiment across the ag space. Funds added 63,000 contacts (360 percent) to their small net short across all ag futures last week and now hold a bearish position of 81,000 contracts short...

feed-grains soy-oilseeds wheat

Market Commentary: Grains Sink on Ideal Weather; Cattle Rally Despite Feeder Imports Resuming

Grain markets gapped-lower on the Sunday night opening after a weekend of uneventful and favorable weather that was absent of any significant trade news. The weakness continued into the day session with corn and soybeans turning in the biggest losses for the day as the weather outlook continues...

feed-grains soy-oilseeds wheat

WPI Crop Progress and Conditions App (Updated 7 July)

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...

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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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