World Perspectives
biofuel

Waiting on the RVOs, EIA Forecast on Ethanol Blending

The market is still awaiting the proposed required volume obligations (RVO) under the RFS. Rumors hit the market last week that the proposal was forthcoming. As of today, however, OMB does not have the proposal listed on its dashboard of regulations under review.   The Administration continues to be pushed from all sides on the proposed volumes. The American Fuel and Petrochemical Manufacturers (AF&PM) Association says RVO compliance could add $0.23 per gallon to wholesale fuel costs because of RIN prices. The ethanol industry says that recovering ethanol and biodiesel production this year and in 2022 will bring down RIN prices as blending increases.   The Energy Information Administration’s (EIA) June Short...

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feed-grains soy-oilseeds wheat

Market Commentary: Soybeans Rally as China Cuts Tariffs; Cattle Implosion Continues

Trade was once again at the forefront of the CBOT’s trade on Wednesday, with reductions in Chinese tariffs, rumors of Chinese buying, and a dimming political outlook for President Trump’s tariff regime being the most salient factors.  China announced today that it will cut tari...

IEEPA Alternatives; Transatlantic Machinations; Anti-Bubble in Ag

IEEPA Alternatives The U.S. Supreme Court heard oral arguments today challenging President Trump’s use of the International Emergency Economic Powers Act (IEEPA) to unilaterally set tariffs on ther countries. Mr. Trump characterized the High Court’s decision as involving, “lit...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.3525/bushel, up $0.0375 from yesterday's close.  Dec 25 Wheat closed at $5.5475/bushel, up $0.045 from yesterday's close.  Jan 26 Soybeans closed at $11.3425/bushel, up $0.1275 from yesterday's close.  Dec 25 Soymeal closed at $324.8/short ton, up $7.4 fr...

feed-grains soy-oilseeds wheat

Market Commentary: Soybeans Rally as China Cuts Tariffs; Cattle Implosion Continues

Trade was once again at the forefront of the CBOT’s trade on Wednesday, with reductions in Chinese tariffs, rumors of Chinese buying, and a dimming political outlook for President Trump’s tariff regime being the most salient factors.  China announced today that it will cut tari...

IEEPA Alternatives; Transatlantic Machinations; Anti-Bubble in Ag

IEEPA Alternatives The U.S. Supreme Court heard oral arguments today challenging President Trump’s use of the International Emergency Economic Powers Act (IEEPA) to unilaterally set tariffs on ther countries. Mr. Trump characterized the High Court’s decision as involving, “lit...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.3525/bushel, up $0.0375 from yesterday's close.  Dec 25 Wheat closed at $5.5475/bushel, up $0.045 from yesterday's close.  Jan 26 Soybeans closed at $11.3425/bushel, up $0.1275 from yesterday's close.  Dec 25 Soymeal closed at $324.8/short ton, up $7.4 fr...

FOB Prices and Freight Rates App (Updated 5 November)

WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “How To”...

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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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