World Perspectives
biofuel

Impact of Small Refinery Exemptions on the RFS

In August 2017, the 10th U.S. Circuit Court of Appeals in Denver ruled that the EPA was too strict in granting exemptions for small refineries under the Renewable Fuel Standard (RFS). Such an exemption is allowable if a petitioning refinery can demonstrate that compliance with RFS obligations will impose "disproportionate economic hardship" in the year for which it is requested. The court decided that the EPA was overzealous in applying that rule by following a standard that denial of an exemption in a given year would threaten the long-term survival of the refinery. It determined that using such a standard as the only or primary measure was too stringent and outside the EPA’s statutory authority. Per the 2005 Energy Policy Act, the...

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feed-grains soy-oilseeds wheat

Market Commentary: CBOT Rises as Precipitation Forecasts Fall

The CBOT tried – and mostly succeeded – to reverse Friday’s selloff with corn, wheat, and the soy complex all turning higher to start the first full trading week of 2025. The fundamental catalysts for the day’s strength were the slide in the U.S. dollar, thanks to more trade-friendly (or at lea...

Congress Certifies 2024 Election

In a joint session today, Congress certified the 2024 election results. That sets up the incoming Trump Administration to pursue an ambitious First 100 Days of executive orders and other legislative activity that will likely include many of the campaign promises he made, including significant d...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 25 Corn closed at $4.5775/bushel, up $0.07 from yesterday's close. Mar 25 Wheat closed at $5.405/bushel, up $0.1125 from yesterday's close. Mar 25 Soybeans closed at $9.9775/bushel, up $0.06 from yesterday's close. Mar 25 Soymeal closed at $307.3/short ton, down $1.3 from yes...

feed-grains soy-oilseeds wheat

Market Commentary: CBOT Rises as Precipitation Forecasts Fall

The CBOT tried – and mostly succeeded – to reverse Friday’s selloff with corn, wheat, and the soy complex all turning higher to start the first full trading week of 2025. The fundamental catalysts for the day’s strength were the slide in the U.S. dollar, thanks to more trade-friendly (or at lea...

Congress Certifies 2024 Election

In a joint session today, Congress certified the 2024 election results. That sets up the incoming Trump Administration to pursue an ambitious First 100 Days of executive orders and other legislative activity that will likely include many of the campaign promises he made, including significant d...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 25 Corn closed at $4.5775/bushel, up $0.07 from yesterday's close. Mar 25 Wheat closed at $5.405/bushel, up $0.1125 from yesterday's close. Mar 25 Soybeans closed at $9.9775/bushel, up $0.06 from yesterday's close. Mar 25 Soymeal closed at $307.3/short ton, down $1.3 from yes...

Another Trump Threat; UPF Threat; AI Threat; Africa-Land of Opportunity

Another Trump ThreatThe farm community supported Donald Trump’s election despite his pledge of tariffs that will no doubt cause retaliation against U.S. exports. Then he nominated food sector critic Robert F. Kennedy, Jr. to oversee the safety of the industry. Trump himself had signed the Preve...

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From WPI Consulting

Illuminating the value of technical research

On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.

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