World Perspectives
biofuel

RFS Volume Rule Under Review: Going Retro for 2020

We reported on Monday that the EPA would be sending its 2022, and never finalized 2021, proposed required volume obligations (RVO) under the renewable fuel standard to the Office of Management and Budget (OMB) for review. The question was when? We now know the answer: yesterday. There has been confusion over these RVO’s since at least June when OMB updated the Administration’s regulatory agenda indicating that the proposed rules would be issued in July. There was speculation about the RVO in March when EPA Administrator Michael Regan was confirmed with the topic a big part of his confirmation hearings. Given court cases on E15, small refinery exemptions (SRE), COVID impacts, and the fact that the 2021 proposed RVO’s were...

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On the Cusp of?

Nothing is more important to commodity markets than the larger economy. First, the U.S. economy was headed toward secular stagnation, then it was worrisome inflation, and now it is at worst an impending recession, and at best confusion.  The Federal Reserve had been on track for what had b...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

The attached PDF offers graphical depiction and seasonal analysis of managed money and commercial traders' net position in key agricultural commodity markets. The data is, of course, taken from the CFTC's weekly Commitment of Traders report, using the futures only data. WPI recently completed a...

feed-grains soy-oilseeds wheat

Market Commentary: Wheat Extends Losses; Corn, Soyoil Strengthen; Hogs Rally on ASF News

The CBOT was mostly lower in low-volume, pre-holiday trade. Monday is a holiday in the U.S. and the CBOT/CME (and WPI’s offices) will be closed. Notable developments for the day were the turnaround in corn and soyoil futures, which were juxtaposed against the continued technical weakness...

On the Cusp of?

Nothing is more important to commodity markets than the larger economy. First, the U.S. economy was headed toward secular stagnation, then it was worrisome inflation, and now it is at worst an impending recession, and at best confusion.  The Federal Reserve had been on track for what had b...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

The attached PDF offers graphical depiction and seasonal analysis of managed money and commercial traders' net position in key agricultural commodity markets. The data is, of course, taken from the CFTC's weekly Commitment of Traders report, using the futures only data. WPI recently completed a...

feed-grains soy-oilseeds wheat

Market Commentary: Wheat Extends Losses; Corn, Soyoil Strengthen; Hogs Rally on ASF News

The CBOT was mostly lower in low-volume, pre-holiday trade. Monday is a holiday in the U.S. and the CBOT/CME (and WPI’s offices) will be closed. Notable developments for the day were the turnaround in corn and soyoil futures, which were juxtaposed against the continued technical weakness...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 22 Corn closed at $5.9625/bushel, up $0.0875 from yesterday's close.  Mar 22 Wheat closed at $7.415/bushel, down $0.0525 from yesterday's close.  Mar 22 Soybeans closed at $13.6975/bushel, down $0.075 from yesterday's close.  Mar 22 Soymeal closed at $405.6/short ton, down $3...

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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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