One month ago today, the EPA sent its proposed rule for the 2019 Required Volume Obligations (RVOs) for biofuel use to the Office of Management and Budget (OMB) for a final sign-off. The OMB review is the last step before the RVO rule is published in the Federal Register for public comment. OMB anticipates that it will be published this month and the volumes finalized by December, which is later than the statutory deadline of 30 November. The upcoming RVO rule is highly anticipated to see if it contains any reforms targeted at lowering the price of Renewable Identification Numbers (RINs), which a series of small refinery waivers issued by the EPA has temporarily done and a proposed year-round approval for E15 is projected to do. Meanwhile,...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
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.