The status of E15 has been overwhelmed by the drought and the subsequent requests to waive the Renewable Fuel Standard (RFS) for 2012/13, but automakers recently approved the use of this blend in their new vehicles.This summer the American Motorcyclists Association wrote a letter to the U.S. Environmental Protection Agency (EPA) regarding concerns about misfueling. In response, the EPA mandated a four-gallon minimum purchase of fuel at a gas station that provides both E15 and E10 from the same hose. This rule was made to prevent vehicles with smaller fuel tanks from being exposed to fuel blends greater than 10 percent ethanol. EPA did not approve E15 for motorcycles, off-road vehicles or small engines.Now all that's left is for automakers...
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
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.