The EPA’s proposed required volume obligations (RVO) for 2023 will not be released tomorrow as was previously expected under the terms of a consent decree, which originally set a date of 16 September. That was later agreed by both parties to be extended to 16 November. Those parties include, of course, EPA, and the industry association Growth Energy. EPA will release the proposed RVOs by 30 November according to documents filed with the U.S. District Court for the District of Columbia. The proposed rule was submitted to the Office of Management and Budget (OMB) for final review on 9 November. The 2023 volumes are significant because it is the first time they will not be governed by the volumes in the Renewable Fuel Standard (RFS) sta...
What You Need to Know Today: Market attention is shifting toward Tuesday’s USDA WASDE report, with analysts anticipating a modest reduction in U.S. corn production estimates and an increase in soybean production. The report could provide fresh direction for grain markets as traders reass...
Key Takeaways: WPI’s forecasts call for physical U.S. soybean crushing margins to weaken over the next four months and average $4.44/bushel by late February, while CBOT futures margins should rise modestly to about $2.40/bushel. A key catalyst for this is the expectation that U.S...
The election is over – for the most part. Counting is still underway in some states, including Alaska, where a ranked-choice voting system is in place for the Senate race, and Mississippi, as well as in some House districts. But as of now, Democrats have secured at least 54 Senate seats,...
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.