The series of White House meetings on an administrative fix to the costs of Renewable Identification Numbers (RINs), which began in December 2017, will continue. This is despite the drop in 2018 D6 ethanol RIN prices to $0.32-0.34 this week versus around $0.70 in January. RINs for 2017 have been trading at a $0.05-0.06 discount. The upcoming confab will include all the key players from the Senate: biofuels advocates Charles Grassley (R-Iowa) and Joni Ernst (R-Iowa), who want to lower compliance costs of the Renewable Fuel Standard (RFS) and RIN prices through an expansion of E15, and refinery champions Ted Cruz (R-Texas) and Pat Toomey (R-Pennsylvania). For those keeping score, the doubles team of Cruz and Toomey are ahead so far; the admi...
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.