Key Takeaways:
EPA granted full or partial Small Refinery Exemptions to 29 of the 34 petitions under consideration, removing approximately 1.76 billion RINs from 2025 compliance obligations, roughly 770 million more RINs than EPA had previously anticipated. The larger exemption total does not necessarily translate into an equivalent loss of renewable fuel demand, as EPA intends to propose reallocating 100 percent of the difference between projected and actual 2025 exemptions into the 2026 and 2027 Renewable Volume Obligations. The SRE decision does not materially weaken the policy-driven demand outlook for soyoil as a biomass-based diesel feedstock. While the exact feedstock mix used to satisfy future obligations remains uncertain, realloc...
What You Need to Know Today: U.S. and Chinese officials are expected to discuss agriculture and non-tariff trade barriers ahead of Chinese President Xi Jinping’s visit to Washington later this month, potentially opening the door to additional U.S. agricultural purchases or improved marke...
The U.S. will observe Labor Day on Monday, 7 September. U.S. markets and the WPI office will be closed that day. The next edition of Ag Perspectives will be published Tuesday, 8 September...
Key Takeaways: Drought and changes to the multi-year trend in cow slaughter and retention have the potential to dramatically alter beef trim supplies and pricing, and WPI specifically models three different drought scenarios for fall 2026. Based on our models, WPI expects 90 percent lean...
