On 7 March WPI reported: EPA issued a proposed rule on 1 March to provide a waiver of the Clean Air Act that would permit E15 use, through the summer months, in eight Midwestern states, in response to a petition from those states’ governors. However, the proposed EPA rule – if finalized - wouldn’t take effect until 2024, and thus won’t apply to the summer of 2023. The intention of the rule was well received, but missing the deadline is a major disappointment to the ethanol and corn sectors. As we noted, the rulemaking timeline actually sets back E15 because in April of 2022 the Biden EPA issued a one-year emergency waiver to allow year-round E15 in part to reduce retail gasoline prices, but that waiver...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
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.