What You Need to Know Today:
USDA cut the 2026 corn yield forecast by 1.6 BPA to 179.6, shaving 141 Mbu off the crop. Corn ending stocks were cut by 91 Mbu to a level that pushed the ending stocks-to-use (ESU) ratio to 10.8 percent. Conversely, USDA raised the soybean yield forecast 0.2 BPA to 53.3, but ending stocks still fell due to higher exports. The 25-Mbu increase in 2026/27 exports pushed ending stocks to 300 Mbu, which would be down 5 percent from last year. USDA left the U.S. 2026/27 wheat balance sheet essentially unchanged. The WASDE did not adjust the Brazilian or Argentine soybean crop estimates, but raised expectations for each country’s corn crop by 2 MMT. Soybean futures were the upside leader for the day on the unexp...
Veterans Day offers a moment to pause and recognize the people behind the uniform. To all who have served and the families who have supported them, thank you for your dedication, courage and sacrifice. Markets had plenty of headlines to digest today, and grains offered some encouraging follow-t...
Key Takeaways: The recent pullback in crude oil and other energy markets has left many in the ag and biofuels communities wondering what it means for ethanol and biodiesel prices and profit margins. WPI’s research indicates a weak but still significant link between ethanol and crud...
Key Takeaways: Alabama and Louisiana have requested partial waivers of 2027 Renewable Fuel Standard (RFS) requirements, arguing that rising compliance costs are contributing to higher fuel prices and economic hardship. Louisiana Governor Jeff Landry is encouraging neighboring states to join th...
