The RINs market reacted to a news story that EPA was planning on being stingy with future small refinery exemptions (SREs). That speculation was addressed by Administrator Wheeler at a House Energy and Commerce Committee hearing yesterday. Wheeler said no decisions have been made about the SRE process, and he was reluctant to make comments that could have market implications for RINs trading. According to Wheeler, We are currently reviewing, along with attorneys, how to best implement that decision and that, of course, goes to the heart of the small refinery exemption program. In January, the 10th Circuit Federal Court of Appeals in Denver ruled that EPA went beyond its authority in granting three different small refine...
What You Need to Know Today: President Trump claimed the ceasefire between the U.S. and Iran was over, as both sides accused one another of violating the terms of the agreement. Commercial vessels are increasingly steering clear of the Strait of Hormuz as security risks escalate following Iran...
Key Takeaways: The CME Group is launching new 90 percent Lean Beef and 50 percent Lean Beef futures and options contracts in July. There are five key factors that must be present in physical markets and futures contract specifications for futures contracts to become successful. The two l...
WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “...
From WPI Consulting
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.