U.S. RFS Volumes The Office of Management and Budget (OMB) is reviewing the EPA’s proposed rule under the Renewable Fuel Standard (RFS) program for establishing the mandated volumes of biofuel use in 2018. Under that preliminary proposal, the agency called for 19.24 billion gallons of renewable fuel: 15 billion gallons of conventional biofuel (e.g., primarily corn ethanol) and 4.24 billion gallons (ethanol equivalent) of advanced biofuel, including 238 million gallons of cellulosic biofuel and 2.1 billion gallons of biomass-based diesel. This has generated 236,370 comments, and the final rule is required by statute to be release by 30 November. Given the Department of Commerce’s (DoC’s) initial ruling in August calling fo...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
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.