World Perspectives
biofuel

RINs Rumors and Fuel Use Outlook

Ethanol RINs dropped this week on news reports that EPA might consider lowering the 15 billion gallon required volume obligation (RVO) for 2022. This came after two months of steady increases based on a bright outlook for retail motor fuel use this year. Recall on 7 December, the Administration announced an aggressive RVO for 2022. In addition to an 11 percent increase in the advanced biofuel category, EPA is also proposing to add a 250-million-gallon “supplemental obligation” to the volumes proposed for 2022 and stated its intent to add another 250 million gallons in 2023 to comply with the DC Circuit Court of Appeals remand from the 2016 RVOs. Effectively, that would make the conventional obligation 15.25 billion gallons for...

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USDA 31 March Prospective Plantings surprise will be?

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feed-grains soy-oilseeds wheat

Market Commentary: Calm Before the Reports

All the major contracts opened in the green but by the close only soymeal, HRW, and the livestock complex remained that way. Profit-taking was one aspect but most noticeable was lower volume for most of the markets, and a narrow trading range for many. It appeared that everything was positioned...

feed-grains soy-oilseeds wheat

Summary of Futures

May 23 Corn closed at $6.495/bushel, down $0.01 from yesterday's close.  May 23 Wheat closed at $6.9225/bushel, down $0.125 from yesterday's close.  May 23 Soybeans closed at $14.745/bushel, down $0.0275 from yesterday's close.  May 23 Soymeal closed at $459.9/short ton, up $1.7...

AI and Agriculture; Worker Centric Trade Policy is Dead

AI and Agriculture AI is the rage with some warning it will lead to human extinction, and others comparing its transformative impacts to the internet and smart phones. Those technologies have had their share of ethical concerns but the genie is now out of the bottle and short of government regu...

feed-grains soy-oilseeds wheat

Market Commentary: Calm Before the Reports

All the major contracts opened in the green but by the close only soymeal, HRW, and the livestock complex remained that way. Profit-taking was one aspect but most noticeable was lower volume for most of the markets, and a narrow trading range for many. It appeared that everything was positioned...

feed-grains soy-oilseeds wheat

Summary of Futures

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AI and Agriculture; Worker Centric Trade Policy is Dead

AI and Agriculture AI is the rage with some warning it will lead to human extinction, and others comparing its transformative impacts to the internet and smart phones. Those technologies have had their share of ethical concerns but the genie is now out of the bottle and short of government regu...

livestock

Hogs and Pigs Report: Status Quo Numbers

USDA released its first quarterly Hogs and Pigs report for the year today. At 72.86 million head, the total inventory as of 1 March was slightly above last year’s 72.69 million head.  The report was generally in line with pre-report expectations, except there were a few more market...

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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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