Some are suggesting that the market is betting on an EPA reversal by bidding up the Renewable Identification Number (RIN) prices that have increased from about 34 cents to more than 55 cents.As we have noted previously, the comment period for EPA's proposed Required Volume Obligation (RVO) rule for 2014 biofuels closed at the end of January. There were nearly 16,000 comments submitted, which means it may not be May or June until the rule is finalized. EPA proposed that corn ethanol be set at 13 billion gallons, well below the statutory level of 14.4 billion gallons provided by the Renewable Fuel Standard (RFS) in the 2007 Energy Independence and Security Act (EISA). This is the first time since the RFS was established that a reduction in th...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Key Market Insights Macro markets delivered a full whipsaw today. Early in the session, crude oil had rallied back above $100/barrel as traders priced renewed concern over the U.S.-Iran standoff and potential supply risk through the Strait of Hormuz. That strength helped pull grains off their o...
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.