There are many different U.S. programs encouraging the research into, production of, and use of biodiesel and renewable biodiesel. The U.S. Energy Information Agency lists seven programs, nine laws and regulations, plus 21 incentives ranging from grants to loans to tax credits. However, the Renewable Fuel Standard and California Low Carbon Fuel Standard are considered the main drivers of output. California provides a $1/gallon tax credit for renewable biodiesel (B100) and production capacity has exploded in recent years, doubling from 2021 to 2022 alone, and now exceeding the production capacity of biodiesel. Theoretically, the incentive to crush soybeans solely for the oil used in biodiesel and renewable diesel should lead to an ove...
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
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.