Renegotiating Renewable The high cost of Renewable Identification Numbers (RINs), now at $0.98 after reaching $1.07 in October, is hurting smaller oil refiners. On their behalf, Senator Ted Cruz (R-Texas) has proposed imposing a cap of $0.10/RIN, to which the ethanol producers say no thanks. The situation may finally give the ethanol industry the leverage to crack the ethanol wall – the 10 percent blend limit to protect an increasingly smaller pool of older automobiles from damage by the fuel. Meanwhile, EU energy ministers agreed to raise the renewable component mandated in transportation fuels to 14 percent by 2030, and they removed an earlier proposed reduction in the amount that can be supplied by food or feed-based feedstocks...
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.