Last Friday we updated our view of the tightening world wheat situation and how that will eventually force the wheat market to rally. It was noted in different market commentaries this morning that wheat prices in Australia have been steadily separating themselves from world prices. The result of that, of course, will be even smaller wheat exports from Australia than we forecast last Friday. Eastern Australia has a major shortage of feed supplies because of the drought, and that will force wheat from West Australia, the country’s primary export source for this commodity, to move to that region. Keep in mind that Australia’s barley crop has also been severely affected by the drought, and those supplies were tightening beforehand...
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What You Need to Know Today: Record biofuel demand continues to support soyoil values, as EIA data show that May soyoil usage as a biofuel feedstock reached a record 1.434 billion pounds. The latest data reinforces the strength of renewable fuel demand and helps explain ongoing investment in a...
A bipartisan group of 26 lawmakers, led by Representative David Valadao (R-CA), sent a letter to House Speaker Mike Johnson (R-Louisiana) and House Agriculture Committee Chair GT Thompson (R-Pennsylvania) requesting that $5 billion of the temporary economic assistance for farmers go toward spec...
Key Takeaways: Soyoil consumption as a biofuel feedstock climbed to a record 1.434 billion pounds in May, setting a new all-time monthly high. Improved 45Z policy clarity in February 2026 has supported stronger soyoil demand from the biofuel sector by providing producers with greater certainty...