While the biodiesel tax credit has been extended retroactively in the past, it has had a unique impact.The Senate Finance Committee considered and passed its tax extender package yesterday that included the $1.00 per gallon biodiesel blenders' tax credit, the 10 cents per gallon agri-biodiesel producer tax credit and the $1.01 per gallon cellulosic biofuels producer credit. These are all retroactive to the beginning of 2014 and in effect through 2015. If finally accepted, this would be the second time that the biodiesel tax credit was approved retroactively. At the end of 2012, it was extended back to cover that year after it had lapsed in 2011 and also effective until the end of 2013 when it expired.The Finance Committee package did not in...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.