EPA is facing a 14 June deadline to finish the 2023-2025 required volume obligations (RVOs) under the Renewable Fuel Standard (RFS). The date was set by consent decree with the courts. Recall, the proposed RVOs released in November 2022 included electric vehicles (EVs) as part of the overall volume obligations – it appears, however, that EPA is reconsidering the inclusion of EVs in the final rule. Under the proposed rule, EV’s would be able to generate RINs – known as e-RINs – to qualify as advanced biofuel and nested within the cellulosic biofuel. By nesting e-RINs in the cellulosic category it drives that category to triple in volume from 2023 to 2025. But the e-RINS could crowd out other qualifying advanced biofu...
What You Need to Know Today: Market attention is shifting toward Tuesday’s USDA WASDE report, with analysts anticipating a modest reduction in U.S. corn production estimates and an increase in soybean production. The report could provide fresh direction for grain markets as traders reass...
Key Takeaways: WPI’s forecasts call for physical U.S. soybean crushing margins to weaken over the next four months and average $4.44/bushel by late February, while CBOT futures margins should rise modestly to about $2.40/bushel. A key catalyst for this is the expectation that U.S...
The election is over – for the most part. Counting is still underway in some states, including Alaska, where a ranked-choice voting system is in place for the Senate race, and Mississippi, as well as in some House districts. But as of now, Democrats have secured at least 54 Senate seats,...
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.