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

Argentine Soy Production Collapses; What Now?

  • Argentina looks set to grow 25m tonnes soybeans this year.
  • That’s half the level forecast for this crop 11 months ago.
  • The market will need Brazil’s huge soy crop to compensate.
Walter Cronin

Walter Cronin

12 months ago

6 min read

A Momentous Year for South American Soybeans

  • Brazil’s enormous crop will test processing and logistics industries.
  • Argentina may continue to import Brazilian soybeans for processing.
  • China, the world’s largest soy importer, is increasingly dependent on Brazil for supplies.
Walter Cronin

Walter Cronin

1 year ago

6 min read

Brazil Prepares For Large Soy Exports in 2023

  • Brazil will have one of its largest soybean crops on record in 2023.
  • Already soybeans are being shipped to Argentina, which is unusual.
  • Might they also be exported to the USA this year too?
Walter Cronin

Walter Cronin

1 year ago

6 min read

What Will 2023 Bring For Agricultural Commodities?

  • Brazil’s new president will help set the tone for global vegoil markets.
  • Agricultural energy markets (renewable diesel, sugarcane ethanol) might have a good year.
  • Commodity nationalism/stocking could continue.
Walter Cronin

Walter Cronin

1 year ago

3 min read

Oilseed Markets Digest EPA Biofuel Memo

  • December is normally a quiet month in the grain and oilseed markets. 
  • Soybean meal has strengthened 7% in December to date.   
  • What is the EPA’s policy on biofuels going to be?
Walter Cronin

Walter Cronin

1 year ago

4 min read

US Govt Throws Doubt Bomb Into Soy Markets

  • The Environmental Protection Agency has sought comments on the viability of domestic renewable diesel refiners.
  • It’s also questioned how to support novel fuels such as sustainable aviation fuel.
  • Its press release has unnerved soybean oil futures, down 9% on 1st December.
Walter Cronin

Walter Cronin

1 year ago

4 min read

Cargill Acquires Owensboro Grains Company

  • American soybean processing continues to expand.
  • Cargill is active in the space.
  • Their main mission seems to be food first, then renewable diesel.
Walter Cronin

Walter Cronin

1 year ago

3 min read

Can Global Vegoil Production Grow Once More?

  • For the time being, it seems Malaysian palm oil output has peaked.
  • Argentine soybean oil output is stagnant too.
  • As US Renewable Diesel demand keeps growing, where will the world source more vegoils?
Walter Cronin

Walter Cronin

1 year ago

4 min read

China To Buy Brazilian Soybean Meal

  • China is the world’s largest soybean meal producer and consumer.
  • However, it is now starting to import Brazilian soybean meal.
  • Is this to protect soybean arrivals in case the USA stops exporting?
Walter Cronin

Walter Cronin

1 year ago

3 min read

US Soybean Oil Market Under Strain

  • Domestic demand for US soybean oil is swamping supply.
  • Soybean physical prices probably need to trade higher.
  • Futures prices also need to strengthen to limit demand.
Walter Cronin

Walter Cronin

1 year ago

4 min read

USDA on Vegoils, “Nothing To See Here, Folks”

  • The USDA forecast normal EU protein meal and vegoil output.
  • This is despite extremely high power prices across the continent.
  • We will wait and watch for signs the EU is importing rather than producing itself.
Walter Cronin

Walter Cronin

1 year ago

3 min read