Recent Energy Analysis
Summary of Futures
Dec 26 Corn closed at $4.7425/bushel, down $0.0375 from yesterday's close. Dec 26 Wheat closed at $6.605/bushel, down $0.095 from yesterday's close. Nov 26 Soybeans closed at $12.6125/bushel, down $0.0175 from yesterday's close. Dec 26 Soymeal closed at $357.1/short ton, down...
CFTC COT Report Analysis
Managed money was a net seller across agricultural markets for the fourth straight week, selling a net 119,000 contracts through Tuesday’s reporting deadline and reducing the combined net-long position by 13.1 percent. Corn accounted for 70 percent of the weekly selling, while funds also...
Summary of Futures
Dec 26 Corn closed at $4.78/bushel, down $0.0275 from yesterday's close. Dec 26 Wheat closed at $6.7/bushel, down $0.0325 from yesterday's close. Nov 26 Soybeans closed at $12.63/bushel, down $0.1425 from yesterday's close. Dec 26 Soymeal closed at $359.8/short ton, down $4.7...
Summary of Futures
Dec 26 Corn closed at $4.8075/bushel, down $0.02 from yesterday's close. Dec 26 Wheat closed at $6.7325/bushel, up $0.04 from yesterday's close. Nov 26 Soybeans closed at $12.7725/bushel, down $0.065 from yesterday's close. Dec 26 Soymeal closed at $364.5/short ton, up $1.3 fr...
Summary of Futures
Dec 26 Corn closed at $4.8275/bushel, down $0.0025 from yesterday's close. Dec 26 Wheat closed at $6.6925/bushel, down $0.03 from yesterday's close. Nov 26 Soybeans closed at $12.8375/bushel, down $0.04 from yesterday's close. Dec 26 Soymeal closed at $363.2/short ton, down $5...
Crude Shipments Out of the Gulf Lower than Thought, Diesel Import Plan Challenged
Tanker-tracking data shows a smaller recovery in oil flowing through the Strait of Hormuz than previously thought. Energy Secretary Chris Wright, speaking by video to an international energy conference in Riyadh, Saudi Arabia, said that oil moving through the strait was back to 80 to 90 percent...
Summary of Futures
Dec 26 Corn closed at $4.83/bushel, up $0.0325 from yesterday's close. Dec 26 Wheat closed at $6.7225/bushel, up $0.0125 from yesterday's close. Nov 26 Soybeans closed at $12.8775/bushel, down $0.0425 from yesterday's close. Dec 26 Soymeal closed at $368.7/short ton, up $3.1 f...
Summary of Futures
Dec 26 Corn closed at $4.7975/bushel, down $0.205 from yesterday's close. Dec 26 Wheat closed at $6.71/bushel, down $0.1225 from yesterday's close. Nov 26 Soybeans closed at $12.92/bushel, up $0.045 from yesterday's close. Dec 26 Soymeal closed at $365.6/short ton, up $8 from...
A Dubious Diesel Deal
Key Takeaways: On Friday afternoon, President Trump announced that Russia will “immediately supply over 300,000 Tons of Diesel Fuel” to the United States. The deal, typical of this administration, is light on details but promises an additional 500,000 tons in November and 1 m...
CFTC COT Report Analysis
Managed money was a net seller across agricultural markets for the third straight week, selling a net 43,000 contracts through Tuesday’s reporting deadline and reducing the combined net-long position to 911,000 contracts. Despite the modest overall selling, all three legs of the soy crush...
Summary of Futures
Dec 26 Corn closed at $5.0025/bushel, down $0.0175 from yesterday's close. Dec 26 Wheat closed at $6.8325/bushel, down $0.0325 from yesterday's close. Nov 26 Soybeans closed at $12.875/bushel, down $0.1 from yesterday's close. Dec 26 Soymeal closed at $357.6/short ton, down $8...
Summary of Futures
Dec 26 Corn closed at $5.02/bushel, down $0.06 from yesterday's close. Dec 26 Wheat closed at $6.865/bushel, down $0.1775 from yesterday's close. Nov 26 Soybeans closed at $12.975/bushel, down $0.055 from yesterday's close. Dec 26 Soymeal closed at $365.8/short ton, up $11 fro...
Executive Order and G7 Actions on Diesel Fuel
In a letter last week to President Trump, Zippy Duvall, president of the American Farm Bureau Federation (AFBF), wrote that diesel prices are squeezing farmers’ margins. As Duvall wrote: Higher diesel expenses are hitting farmers at one of the most fuel-intensive times of the year —...
Summary of Futures
Dec 26 Corn closed at $5.08/bushel, up $0.1075 from yesterday's close. Dec 26 Wheat closed at $7.0425/bushel, up $0.12 from yesterday's close. Nov 26 Soybeans closed at $13.03/bushel, up $0.2225 from yesterday's close. Dec 26 Soymeal closed at $354.8/short ton, up $7.7 from ye...
Summary of Futures
Dec 26 Corn closed at $4.9725/bushel, down $0.005 from yesterday's close. Dec 26 Wheat closed at $6.9225/bushel, up $0.0925 from yesterday's close. Nov 26 Soybeans closed at $12.8075/bushel, up $0.025 from yesterday's close. Dec 26 Soymeal closed at $347.1/short ton, down $0.4...
Summary of Futures
Dec 26 Corn closed at $4.9775/bushel, down $0.045 from yesterday's close. Dec 26 Wheat closed at $6.83/bushel, up $0.0025 from yesterday's close. Nov 26 Soybeans closed at $12.7825/bushel, down $0.0575 from yesterday's close. Dec 26 Soymeal closed at $347.5/short ton, down $5...
CFTC COT Report Analysis
Managed money was a slight net seller across agricultural markets for the second straight week, selling a net 63,000 contracts through Tuesday’s reporting deadline and reducing the combined net-long position to 954,000 contracts. Despite the modest overall selling, soymeal reached a new r...
Summary of Futures
Dec 26 Corn closed at $5.0225/bushel, up $0.015 from yesterday's close. Dec 26 Wheat closed at $6.8275/bushel, up $0.07 from yesterday's close. Nov 26 Soybeans closed at $12.84/bushel, down $0.09 from yesterday's close. Dec 26 Soymeal closed at $353.3/short ton, down $3.6 from...
Summary of Futures
Dec 26 Corn closed at $5.0075/bushel, down $0.2125 from yesterday's close. Dec 26 Wheat closed at $6.7575/bushel, down $0.17 from yesterday's close. Nov 26 Soybeans closed at $12.93/bushel, down $0.0475 from yesterday's close. Dec 26 Soymeal closed at $356.9/short ton, down $2...
Summary of Futures
Dec 26 Corn closed at $5.22/bushel, down $0.01 from yesterday's close. Dec 26 Wheat closed at $6.9275/bushel, up $0.04 from yesterday's close. Nov 26 Soybeans closed at $12.9775/bushel, up $0.095 from yesterday's close. Dec 26 Soymeal closed at $359/short ton, down $0.4 from y...
Energy Markets and the Slowly Disappearing Diesel Export Ban Proposal
There was encouraging news over the weekend: the White House may reject the misguided idea on Capitol Hill to ban U.S. diesel exports. What WPI has noted previously was perhaps best put by a Department of Energy report of 2022, under the Biden administration: Petroleum liquids markets are globa...
Summary of Futures
Dec 26 Corn closed at $5.23/bushel, down $0.0525 from yesterday's close. Dec 26 Wheat closed at $6.8875/bushel, down $0.145 from yesterday's close. Nov 26 Soybeans closed at $12.8825/bushel, down $0.3075 from yesterday's close. Dec 26 Soymeal closed at $359.4/short ton, down $...
Diesel Fuel Costs, One Acre at a Time
Key Takeaways: Diesel accounts for about 64 percent of U.S. farm fuel spending. For farmers, the pressing question is what a higher price adds to each field operation. Iowa farm diesel averaged $5.50/gallon in September, compared with the $2.89/gallon Iowa State assumed for its February machin...
Summary of Futures
Dec 26 Corn closed at $5.2825/bushel, up $0.0075 from yesterday's close. Dec 26 Wheat closed at $7.0325/bushel, down $0.0375 from yesterday's close. Nov 26 Soybeans closed at $13.19/bushel, up $0.015 from yesterday's close. Dec 26 Soymeal closed at $371/short ton, down $1.4 fr...
Summary of Futures
Dec 26 Corn closed at $4.7425/bushel, down $0.0375 from yesterday's close. Dec 26 Wheat closed at $6.605/bushel, down $0.095 from yesterday's close. Nov 26 Soybeans closed at $12.6125/bushel, down $0.0175 from yesterday's close. Dec 26 Soymeal closed at $357.1/short ton, down...
CFTC COT Report Analysis
Managed money was a net seller across agricultural markets for the fourth straight week, selling a net 119,000 contracts through Tuesday’s reporting deadline and reducing the combined net-long position by 13.1 percent. Corn accounted for 70 percent of the weekly selling, while funds also...
Summary of Futures
Dec 26 Corn closed at $4.78/bushel, down $0.0275 from yesterday's close. Dec 26 Wheat closed at $6.7/bushel, down $0.0325 from yesterday's close. Nov 26 Soybeans closed at $12.63/bushel, down $0.1425 from yesterday's close. Dec 26 Soymeal closed at $359.8/short ton, down $4.7...
Summary of Futures
Dec 26 Corn closed at $4.8075/bushel, down $0.02 from yesterday's close. Dec 26 Wheat closed at $6.7325/bushel, up $0.04 from yesterday's close. Nov 26 Soybeans closed at $12.7725/bushel, down $0.065 from yesterday's close. Dec 26 Soymeal closed at $364.5/short ton, up $1.3 fr...
Summary of Futures
Dec 26 Corn closed at $4.8275/bushel, down $0.0025 from yesterday's close. Dec 26 Wheat closed at $6.6925/bushel, down $0.03 from yesterday's close. Nov 26 Soybeans closed at $12.8375/bushel, down $0.04 from yesterday's close. Dec 26 Soymeal closed at $363.2/short ton, down $5...
Crude Shipments Out of the Gulf Lower than Thought, Diesel Import Plan Challenged
Tanker-tracking data shows a smaller recovery in oil flowing through the Strait of Hormuz than previously thought. Energy Secretary Chris Wright, speaking by video to an international energy conference in Riyadh, Saudi Arabia, said that oil moving through the strait was back to 80 to 90 percent...
Summary of Futures
Dec 26 Corn closed at $4.83/bushel, up $0.0325 from yesterday's close. Dec 26 Wheat closed at $6.7225/bushel, up $0.0125 from yesterday's close. Nov 26 Soybeans closed at $12.8775/bushel, down $0.0425 from yesterday's close. Dec 26 Soymeal closed at $368.7/short ton, up $3.1 f...
Summary of Futures
Dec 26 Corn closed at $4.7975/bushel, down $0.205 from yesterday's close. Dec 26 Wheat closed at $6.71/bushel, down $0.1225 from yesterday's close. Nov 26 Soybeans closed at $12.92/bushel, up $0.045 from yesterday's close. Dec 26 Soymeal closed at $365.6/short ton, up $8 from...
A Dubious Diesel Deal
Key Takeaways: On Friday afternoon, President Trump announced that Russia will “immediately supply over 300,000 Tons of Diesel Fuel” to the United States. The deal, typical of this administration, is light on details but promises an additional 500,000 tons in November and 1 m...
CFTC COT Report Analysis
Managed money was a net seller across agricultural markets for the third straight week, selling a net 43,000 contracts through Tuesday’s reporting deadline and reducing the combined net-long position to 911,000 contracts. Despite the modest overall selling, all three legs of the soy crush...
Summary of Futures
Dec 26 Corn closed at $5.0025/bushel, down $0.0175 from yesterday's close. Dec 26 Wheat closed at $6.8325/bushel, down $0.0325 from yesterday's close. Nov 26 Soybeans closed at $12.875/bushel, down $0.1 from yesterday's close. Dec 26 Soymeal closed at $357.6/short ton, down $8...
Summary of Futures
Dec 26 Corn closed at $5.02/bushel, down $0.06 from yesterday's close. Dec 26 Wheat closed at $6.865/bushel, down $0.1775 from yesterday's close. Nov 26 Soybeans closed at $12.975/bushel, down $0.055 from yesterday's close. Dec 26 Soymeal closed at $365.8/short ton, up $11 fro...
Executive Order and G7 Actions on Diesel Fuel
In a letter last week to President Trump, Zippy Duvall, president of the American Farm Bureau Federation (AFBF), wrote that diesel prices are squeezing farmers’ margins. As Duvall wrote: Higher diesel expenses are hitting farmers at one of the most fuel-intensive times of the year —...
Summary of Futures
Dec 26 Corn closed at $5.08/bushel, up $0.1075 from yesterday's close. Dec 26 Wheat closed at $7.0425/bushel, up $0.12 from yesterday's close. Nov 26 Soybeans closed at $13.03/bushel, up $0.2225 from yesterday's close. Dec 26 Soymeal closed at $354.8/short ton, up $7.7 from ye...
Summary of Futures
Dec 26 Corn closed at $4.9725/bushel, down $0.005 from yesterday's close. Dec 26 Wheat closed at $6.9225/bushel, up $0.0925 from yesterday's close. Nov 26 Soybeans closed at $12.8075/bushel, up $0.025 from yesterday's close. Dec 26 Soymeal closed at $347.1/short ton, down $0.4...
Summary of Futures
Dec 26 Corn closed at $4.9775/bushel, down $0.045 from yesterday's close. Dec 26 Wheat closed at $6.83/bushel, up $0.0025 from yesterday's close. Nov 26 Soybeans closed at $12.7825/bushel, down $0.0575 from yesterday's close. Dec 26 Soymeal closed at $347.5/short ton, down $5...
CFTC COT Report Analysis
Managed money was a slight net seller across agricultural markets for the second straight week, selling a net 63,000 contracts through Tuesday’s reporting deadline and reducing the combined net-long position to 954,000 contracts. Despite the modest overall selling, soymeal reached a new r...
Summary of Futures
Dec 26 Corn closed at $5.0225/bushel, up $0.015 from yesterday's close. Dec 26 Wheat closed at $6.8275/bushel, up $0.07 from yesterday's close. Nov 26 Soybeans closed at $12.84/bushel, down $0.09 from yesterday's close. Dec 26 Soymeal closed at $353.3/short ton, down $3.6 from...
Summary of Futures
Dec 26 Corn closed at $5.0075/bushel, down $0.2125 from yesterday's close. Dec 26 Wheat closed at $6.7575/bushel, down $0.17 from yesterday's close. Nov 26 Soybeans closed at $12.93/bushel, down $0.0475 from yesterday's close. Dec 26 Soymeal closed at $356.9/short ton, down $2...
Summary of Futures
Dec 26 Corn closed at $5.22/bushel, down $0.01 from yesterday's close. Dec 26 Wheat closed at $6.9275/bushel, up $0.04 from yesterday's close. Nov 26 Soybeans closed at $12.9775/bushel, up $0.095 from yesterday's close. Dec 26 Soymeal closed at $359/short ton, down $0.4 from y...
Energy Markets and the Slowly Disappearing Diesel Export Ban Proposal
There was encouraging news over the weekend: the White House may reject the misguided idea on Capitol Hill to ban U.S. diesel exports. What WPI has noted previously was perhaps best put by a Department of Energy report of 2022, under the Biden administration: Petroleum liquids markets are globa...
Summary of Futures
Dec 26 Corn closed at $5.23/bushel, down $0.0525 from yesterday's close. Dec 26 Wheat closed at $6.8875/bushel, down $0.145 from yesterday's close. Nov 26 Soybeans closed at $12.8825/bushel, down $0.3075 from yesterday's close. Dec 26 Soymeal closed at $359.4/short ton, down $...
Diesel Fuel Costs, One Acre at a Time
Key Takeaways: Diesel accounts for about 64 percent of U.S. farm fuel spending. For farmers, the pressing question is what a higher price adds to each field operation. Iowa farm diesel averaged $5.50/gallon in September, compared with the $2.89/gallon Iowa State assumed for its February machin...
Summary of Futures
Dec 26 Corn closed at $5.2825/bushel, up $0.0075 from yesterday's close. Dec 26 Wheat closed at $7.0325/bushel, down $0.0375 from yesterday's close. Nov 26 Soybeans closed at $13.19/bushel, up $0.015 from yesterday's close. Dec 26 Soymeal closed at $371/short ton, down $1.4 fr...