On 11 July, WPI reported that the 2023 required volume obligations (RVOs) were expected to come in mid-September; that was based on a proposed consent decree from EPA with the biofuels association Growth Energy who filed a complaint in April over EPA’s failure to promulgate a rule establishing the 2023 RVOs by the statutory deadline of 31 October 2021. That timeline has changed, according to court documents, where both parties have agreed to a new timeline. Under the new agreement the proposed RVOs will be issued by 16 November and finalized by 14 June 2023. The 2023 RVOs are a significant milestone for the RFS; the statutory schedule under the 2007 Energy Independence and Security Act (EISA) expired in 2022. Now, EPA has discretion...
What You Need to Know Today: Wheat prices surged after Ukrainian strikes on Russian vessels and infrastructure disrupted grain shipments, halting traffic through the Sea of Azov, Kerch Strait, and Black Sea. The July WASDE report offered a modestly supportive outlook for corn, wheat, and soybe...
The trade deficit in goods and services came in at $77.6 billion in May, slightly smaller than the consensus estimate of $78.4 billion. After a few months of relative stability, the trade deficit widened in May. The increase in the deficit for the month was due to both a rise in imports, which...
Every June combines begin their annual sweep across the winter wheat fields of Texas, Oklahoma, and Kansas. At the same time, USDA releases its Acreage and Crop Progress reports, providing the first comprehensive look at the size and condition of the crop. Most years the reports simply confirm...
From WPI Consulting
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.