World Perspectives
biofuel

Assault on RINs

By early next week, EPA Administrator Scott Pruitt is expected to present President Trump’ with a list of options regarding biofuels policy and ways to reduce the costs of Renewable Identification Numbers (RINs). It is expected to include an outright cap on RIN prices as well as measures to reduce speculative trading of RINs along with other unknown proposals. The list would add another element of volatility to the Renewable Fuel Standard (RFS) and biofuels, sparking a very strong backlash from the biofuels sector if it does include a price cap. That industry opposes such a cap and all efforts to lower RIN prices other than by increasing the supply of biofuels. While the industry and its advocates in Congress have been occupied with...

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feed-grains soy-oilseeds wheat

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Canadian Elections

Canadian voters went to the polls last night. They selected Mark Carney, the current Prime Minister, as the leader of the new government. The writ of election was issued just over a month ago, on 23 March, after Governor General Mary Simon accepted a request to dissolve parliament from Prime Mi...

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From WPI Consulting

Forecasting developments in production agriculture

On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.

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