The EPA will likely release its Required Volume Obligations (RVOs) final rule for 2019 next week, prior to the 30 November deadline. While now being reviewed by the Office of Management and Budget (OMB), there is little evidence that the volumes will be changed substantially from the proposed rule issued in June. That proposal raised the total amount of renewable fuels under the Renewable Fuel Standard (RFS) by 590 million gallons in the overall advanced biofuel category. Of that, there was a 93 million gallon increase in cellulosic with the rest under the undifferentiated category for which biomass-based diesel qualifies. By statute, the biodiesel-specific volume must be set 14 months in advance, so the 2.1 billion gallons for 2019 had al...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
From WPI Consulting
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.