Recent Biofuels Analysis
Indian Subcontinent Regional Analysis
Soymeal Exports Trending Lower For FY 2017/18 (April-March), India’s soymeal exports totaled 1.156 MMT, up from 0.916 MMT the previous year. However, they were lower in the first six months at 0.666 MMT versus 0.840 MMT during the same period of FY 2016/17. After peaking at 0.207 MMT in N...
Market Commentary
Other than Plains weather, overnight grain and soy markets had little on which to trade. Weather models keep reducing the amount of moisture and shifting the coverage of the widely-advertised weekend rains further east. Much of Kansas will apparently receive less than a half-inch or be missed e...
Huge Day for Ag Policy
It was a huge day for agriculture policy in Washington today with three major developments: The House Agriculture Committee released the Chairman’s Mark draft of the 2018 Farm Bill. The Trans-Pacific Partnership (TPP) might be back on the negotiating table. President Trump is saying publ...
Market Commentary
A war of words between the U.S. and Russia over a possible U.S. missile strike against the Syrian regime, intended as a response to its purported gas attack on civilians, is raising geopolitical tensions. Yesterday’s calming conciliatory remarks on trade from Chinese President Xi have pro...
Market Commentary
Yesterday the Trump administration detailed a list of about 1,300 items imported from China that it intends to subject to a 25 percent tariff to offset $50 billion of losses attributed to that country’s theft of U.S. intellectual property. China’s response was surprisingly quick wit...
Oilseed Highlights: Argentine Export Taxes;Ukrainian and Chinese Soy; Biodiesel Updates
Argentina Changes Basis for Export Tax Payments The Argentine government has modified its export tax system for soybeans and soy products as well as other applicable items. The tax was previously assessed based on the month of sale, but it will now be based on the month the commodity is exporte...
Market Commentary
Low volume and mixed price movement for grains and the soy complex characterized both overnight trading and the day session. Most traders seem to be positioned where they want to be ahead of Thursday’s USDA stocks and prospective planting reports. If they are not, it was (and is) too late...
Oilseed Highlights: EU Removes Biodiesel Duties; Reality for China on Soybeans
EU Removes Antidumping Duties on Argentine and Indonesian Biodiesel Imports The EU has removed antidumping duties on biodiesel imports from Argentina and Indonesia after the European Court of Justice and the WTO ruled they were illegal. However, this applies only to biodiesel exported by compan...
Ag Review - March 2018
WPI's monthly publication features analyses of the U.S. grain industry, U.S. soybean marketing strategies, the U.S. biofuels industry, the global outlook for farm inputs, and policy trends. It also provides a review of agribusiness stock prices along with expectations for future performance...
China In-Country Analysis
Oilseeds Soymeal Inventories Down Sharply at End of February A significant increase in feed demand at the end of February pushed China’s estimated nationwide soymeal inventory down to 751,900 MT as of 2 March, a decrease of 186,900 MT (-19.9 percent) from the previous week. It then had a...
RFS Reform Turmoil Continues
The White House was to hold a meeting today, chaired by Vice President Pence, to discuss more options on price relief for Renewable Identification Numbers (RINs). The attendee list was changed to involve only administration appointees and staff (no elected officials, including members of Congre...
Oilseed Highlights: Export Sales; Forecast Revisions in the WASDE
Large US. Soy Export Sales Last Week USDA’s weekly export sales report of today surprisingly showed a major increase in the volume of U.S. soybeans sold last week and also very good totals for soymeal and soyoil. The higher sales were most likely a result of importer concern about the imp...
Indian Subcontinent Regional Analysis
Soymeal Exports Trending Lower For FY 2017/18 (April-March), India’s soymeal exports totaled 1.156 MMT, up from 0.916 MMT the previous year. However, they were lower in the first six months at 0.666 MMT versus 0.840 MMT during the same period of FY 2016/17. After peaking at 0.207 MMT in N...
Market Commentary
Other than Plains weather, overnight grain and soy markets had little on which to trade. Weather models keep reducing the amount of moisture and shifting the coverage of the widely-advertised weekend rains further east. Much of Kansas will apparently receive less than a half-inch or be missed e...
Huge Day for Ag Policy
It was a huge day for agriculture policy in Washington today with three major developments: The House Agriculture Committee released the Chairman’s Mark draft of the 2018 Farm Bill. The Trans-Pacific Partnership (TPP) might be back on the negotiating table. President Trump is saying publ...
Market Commentary
A war of words between the U.S. and Russia over a possible U.S. missile strike against the Syrian regime, intended as a response to its purported gas attack on civilians, is raising geopolitical tensions. Yesterday’s calming conciliatory remarks on trade from Chinese President Xi have pro...
Market Commentary
Yesterday the Trump administration detailed a list of about 1,300 items imported from China that it intends to subject to a 25 percent tariff to offset $50 billion of losses attributed to that country’s theft of U.S. intellectual property. China’s response was surprisingly quick wit...
Oilseed Highlights: Argentine Export Taxes;Ukrainian and Chinese Soy; Biodiesel Updates
Argentina Changes Basis for Export Tax Payments The Argentine government has modified its export tax system for soybeans and soy products as well as other applicable items. The tax was previously assessed based on the month of sale, but it will now be based on the month the commodity is exporte...
Market Commentary
Low volume and mixed price movement for grains and the soy complex characterized both overnight trading and the day session. Most traders seem to be positioned where they want to be ahead of Thursday’s USDA stocks and prospective planting reports. If they are not, it was (and is) too late...
Oilseed Highlights: EU Removes Biodiesel Duties; Reality for China on Soybeans
EU Removes Antidumping Duties on Argentine and Indonesian Biodiesel Imports The EU has removed antidumping duties on biodiesel imports from Argentina and Indonesia after the European Court of Justice and the WTO ruled they were illegal. However, this applies only to biodiesel exported by compan...
Ag Review - March 2018
WPI's monthly publication features analyses of the U.S. grain industry, U.S. soybean marketing strategies, the U.S. biofuels industry, the global outlook for farm inputs, and policy trends. It also provides a review of agribusiness stock prices along with expectations for future performance...
China In-Country Analysis
Oilseeds Soymeal Inventories Down Sharply at End of February A significant increase in feed demand at the end of February pushed China’s estimated nationwide soymeal inventory down to 751,900 MT as of 2 March, a decrease of 186,900 MT (-19.9 percent) from the previous week. It then had a...
RFS Reform Turmoil Continues
The White House was to hold a meeting today, chaired by Vice President Pence, to discuss more options on price relief for Renewable Identification Numbers (RINs). The attendee list was changed to involve only administration appointees and staff (no elected officials, including members of Congre...
Oilseed Highlights: Export Sales; Forecast Revisions in the WASDE
Large US. Soy Export Sales Last Week USDA’s weekly export sales report of today surprisingly showed a major increase in the volume of U.S. soybeans sold last week and also very good totals for soymeal and soyoil. The higher sales were most likely a result of importer concern about the imp...