Some Argentine producers have been through this process previously with sorghum that was imported and used to make ethanol in California.Argentina's biodiesel industry is petitioning U.S. EPA to approve its "Alternative Renewable Biomass Tracking Requirement" and allow Argentine-produced biodiesel to qualify for biomass-based diesel as part of the Renewable Fuel Standard 2 (RFS2). The petition was submitted late last year and has surfaced as a major concern to the industry. In a letter to EPA, the American Soybean Association stated:Any consideration of the Argentina application without input or discussion with the U.S. biodiesel and soybean industries is very concerning. The ASA believes that the far reaching impacts of this issue require...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
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.