World Perspectives
biofuel

Big Boost for Ethanol Coming?

Two events have the attention of the ethanol market: the drone attack on the Saudi oil fields and the expected announcement from the Administration on the 2020 required volume obligation (RVO) to offset the exempted fuels under the small refinery waivers. First, the Saudi situation. Over the weekend, the second largest oil field in Saudi Arabia was attacked by drones, widely suspected by the Saudis and the U.S. to have been at the hands of Iran. The facilities affected account for up to 10 million barrels per day of crude oil production and the resulting shut down could idle about half of that production. WTI crude was up 11.5 percent today and Brent crude was up 12 percent, after a trading session high of 18 percent. Industry estimates a...

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The outcome of U.S.-China trade negotiations will be?

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feed-grains soy-oilseeds wheat

Summary of Futures

Dec 19 Corn closed at $3.91/bushel, down $0.0375 from yesterday's close.  Dec 19 Wheat closed at $5.3225/bushel, up $0.0675 from yesterday's close.  Nov 19 Soybeans closed at $9.34/bushel, up $0.025 from yesterday's close.  Dec 19 Soymeal closed at $308.5/short ton, up $1.7 from...

The Evolving Trading System; CAP’s Fault; Fooled Foodies

The Evolving Trading System WTO Director General Roberto Azevêdo laments that people are forgetting the importance of a rule-based system of economic cooperation. Former Clinton Administration trade negotiator Harry Broadman laments that under President Trump, the U.S. has become more lik...

feed-grains soy-oilseeds wheat

Market Commentary

Trading at the CBOT today was muted with traders mostly evening positions, taking some profits, and generally not adding to or subtracting from risk ahead of the weekend. Fundamental news was light as well, except for forecasts that a tropical storm in the Gulf of Mexico will create above-avera...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 19 Corn closed at $3.91/bushel, down $0.0375 from yesterday's close.  Dec 19 Wheat closed at $5.3225/bushel, up $0.0675 from yesterday's close.  Nov 19 Soybeans closed at $9.34/bushel, up $0.025 from yesterday's close.  Dec 19 Soymeal closed at $308.5/short ton, up $1.7 from...

The Evolving Trading System; CAP’s Fault; Fooled Foodies

The Evolving Trading System WTO Director General Roberto Azevêdo laments that people are forgetting the importance of a rule-based system of economic cooperation. Former Clinton Administration trade negotiator Harry Broadman laments that under President Trump, the U.S. has become more lik...

feed-grains soy-oilseeds wheat

Market Commentary

Trading at the CBOT today was muted with traders mostly evening positions, taking some profits, and generally not adding to or subtracting from risk ahead of the weekend. Fundamental news was light as well, except for forecasts that a tropical storm in the Gulf of Mexico will create above-avera...

wheat

Rise in Wheat Futures

Chicago wheat futures have been climbing for the past few weeks based on still somewhat speculative supply losses due to adverse weather conditions and solid demand. Futures literally look forward while USDA’s strength is in the present and past. Historically, the stocks to use ratio and...

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From WPI Consulting

Weighing in on strategic realignment

WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.

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