Walter Cronin

Walter was the Chief Commercial Officer at Green Plains Inc. until August 2021. From August of 2015 until January of 2020 Mr. Cronin served as the Executive Vice President for Commercial Operations. Prior to that, Mr. Cronin was the Chief Investment Officer of Green Plains Asset Management LLC. GPAM is a wholly owned subsidiary of Green Plains Inc.(NASDAQ: GPRE). Mr. Cronin has served in that role since November 2011. Mr. Cronin served as Executive Vice President and trading principal of County Cork Asset Management from April 2010 to November 2011 when it was merged with GPAM. Mr. Cronin acted as a consultant to Bunge Limited (NYSE:BG), a multinational grain trader and oilseed processor, for which he served as a consultant developing trading and risk models for agricultural futures trading from September 2004 through March 2010. From February 1997 through June 2004, Mr. Cronin co-managed the Crush, Fundamental, and Ag-Spread programs at Kottke Associates, a commodity trading advisor based in Chicago. Prior to that time, Mr. Cronin was a member of the Chicago Board of Trade and managed the commercial grain operations for RJ O’Brien Futures from November 1994 through January 1997. From August 1989 until October 1994, Mr. Cronin traded grains and managed grain facilities in multiple locations for Continental Grain Company, and from February 1988 through May 1989, Mr. Cronin worked for the Henning and Krajewski clearing firm at the Chicago Board of Trade. Mr. Cronin served as a Peace Corps volunteer in Kenya from September 1985 through December 1987. Mr. Cronin received a BA from the University of Santa Clara in 1985

Market Bullish on Price Despite Record US Soybean Crush Rate

  • The soybean meal futures market experienced a sharp rally and increase in open interest this Friday.
  • This, alongside confidence from major oilseed processors, points to a bull market.
  • Fundamentals are underpinned by the underestimated impacts of the Argentine elections.
Walter Cronin

Walter Cronin

5 months ago

4 min read

Let’s Talk About Soybeans and the Argentine Election

  • This weekend’s Argentine election outcomes have roiled the global protein meal markets.
  • There is a deep misconception about the risks this result presents to global food markets.
  • The US soybean processing industry plays a role in offsetting the risk.
Walter Cronin

Walter Cronin

5 months ago

6 min read

Bull Market For US Soybean Oil Continues

  • The bull market for US soybean oil remains intact, energies as a whole have turned bullish
  • Ukrainian farmers and processers continue producing in the middle of a war economy
  • New market variable is US renewable diesel industry’s demand for feedstock
Walter Cronin

Walter Cronin

5 months ago

5 min read

USDA & WASDE Discuss Soybean Sunseed & Palm Oil Prices

  • The bull market for US soybean oil remains intact, energies as a whole have turned bullish.
  • Ukrainian farmers and processers continue producing in the middle of a war economy.
  • New market variable is US renewable diesel industry’s demand for feedstock.
Walter Cronin

Walter Cronin

6 months ago

6 min read

Vegetable Oil’s Secular Bull Market

  • US Soybean oil will remain in a bull market for foreseeable future
  • Demand from renewable fuel industry is overwhelming supply.
  • Supply is very tight in the next delivery window.
Walter Cronin

Walter Cronin

8 months ago

9 min read

Analysing Earnings Calls for the Key Renewable Diesel Players

  • ADM report the renewable energy transition is transforming global agriculture.
  • They were bullish for the second half of the year for oilseeds.
  • In the long term rising meat consumption should boost vegetable protein meal demand.
Walter Cronin

Walter Cronin

8 months ago

3 min read

Unpicking the Huge Rally in Oilseed Markets

  • Oilseed markets have gone into overdrive in recent weeks.
  • This follows the release of the US EPA’s limits for biofuel blending in ‘23-25
  • This is unfolding at the same time as a squeeze on global soybean meal supplies.
Walter Cronin

Walter Cronin

8 months ago

7 min read

Is the Soybean Market Complacent About Export Bans?

  • India banned exports of most rice varieties last week.
  • How would the soybean market react if major suppliers banned exports?
  • Might the current demand-led bull market become a supply-constrained one?
Walter Cronin

Walter Cronin

9 months ago

4 min read

Thoughts on Soybean Oil’s Bull Run Post-USDA WASDE Report

  • Soybean oil futures have rallied hard in the past month. 
  • This is because the renewable diesel industry continues to expand and look for feedstocks. 
  • US soybean yields will be determined in the coming 60-90 days.  
Walter Cronin

Walter Cronin

9 months ago

4 min read

Critical Period for Oilseeds Market Approaches

  • Huge shortfall in US soybean acreage vs estimates.
  • Limited ability of Brazil and Argentina to respond.
  • Soybean curve may backwardate to incentivise buyers to defer demand.
Walter Cronin

Walter Cronin

9 months ago

7 min read

USDA Shocks Soybean Market

  • Final 2023 planted acreage and stocks information released.
  • Data was outside range of analyst estimates.
  • Soybeans futures spreads soar.
Walter Cronin

Walter Cronin

9 months ago

1 min read