Reports leaked out of the Administration this week that President Trump has directed EPA to deny all of the so-called gap year small refinery exemption petitions. As we reported previously, the Department of Energy (DOE) has made recommendations on the 58 gap year petitions that were received earlier this year, and EPA will now send nine new petitions to DOE for review. Additionally, EPA received one additional petition for 2019 and two more for 2020. That brings the total number of SRE petitions to 98. Last year the 10th District federal appeals Court ruled that any SREs granted to refineries after 2010 could only be approved as extensions to prior existing SRE waivers (the ruling only extends to the States in the 10th District unti...
What You Need to Know Today: Corn and soybean futures were lower to open the week, with funds still in control and in a selling mood. The upcoming WASDE report on Tuesday is also likely to feature larger corn and soybean stocks, which helped put grain futures on the defensive. Wheat futures we...
Key Takeaways: Currency exchange rates influence agricultural export competitiveness and producer profitability, even when underlying commodity prices remain unchanged. A weaker domestic currency allows agricultural exporters to receive more local currency for dollar-denominated sales, potenti...
Although inflation has remained elevated since the post-COVID surge, it steadily moderated until the past year. More to the point, today’s inflation looks very different from 2022, when the Consumer Price Index (CPI) peaked at 9 percent. During and after the pandemic, the M2 money supply...
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.