2023 marks a major shift in the Renewable Fuel Standard (RFS). From the 2007 Energy Independence and Security Act until this year, the annual required volume obligations (RVOs) under the RFS were set by statute; that changes in 2023, and so could the mix of renewable fuels – or at least the process of setting the RVOs. The first year the 2007 Act was in effect, conventional ethanol made up 100 percent of the total RFS; by 2022 the statutory schedule called for 58 percent of total renewables to be advanced biofuels, with biomass based diesel at less than 3 percent (1 billion gallons out of 36 billion gallons total). Cellulosic was scheduled to be nearly 45 percent. Obviously, cellulosic biofuel didn’t material...
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
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.