World Perspectives
feed-grains soy-oilseeds wheat

U.S. Logistics Finally Tested

Today's weekly export grain inspection numbers were the biggest they've been in a very long time at over 127 million bushels (more than 3.5 MMT). It was the second largest week of soybean exports ever at almost 83 million bushels (2.25 MMT). This has started to cause a stir in markets about potential problems, including:

Some vessel delays at ports, especially the Pacific Northwest (PNW) High prices (well in excess of $2,000 per car) for nearby shuttle trains Somewhat slower turn on shuttle trains

None of this should be very surprising to anyone in the trade for several reasons:

The sharply reduced wheat and corn export volume of the past two years (caused by smaller crops and sluggish export sales) resulted in BNSF Railway p...

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feed-grains soy-oilseeds wheat

Summary of Futures

Jul 26 Corn closed at $4.635/bushel, down $0.0025 from yesterday's close.  Jul 26 Wheat closed at $6.1675/bushel, down $0.035 from yesterday's close.  Jul 26 Soybeans closed at $11.785/bushel, up $0.0375 from yesterday's close.  Jul 26 Soymeal closed at $319.1/short ton, up $2.6...

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E15: What Does It Mean?

Previous administrations—including that of President Donald Trump—have promoted domestic consumption of corn and soybeans through expanded biofuel mandates and subsidies. The original framework for this policy was the Energy Independence and Security Act of 2007, which required the...

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From WPI Consulting

Forecasting developments in production agriculture

On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.

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