E15: It is 9 April; by 1 May terminals that blend gasoline with ethanol need to be in compliance with summer-grade gasoline specifications that are effective on 1 June. The ethanol industry has pressed EPA for another emergency waiver for year-round E15 use in the summer of 2024. EPA did approve an E15 waiver for eight midwestern states, but that doesn’t go into effect until 2025. Further, that waiver is for states which produce 76 percent of the U.S. ethanol supply but use only 35 percent. The national waiver is much more significant in terms of demand. For the last two years there has been a nationwide waiver, announced at the “11th hour” on 28 April in 2022 and 29 April in 2023. Those benchmark dates are less than three...
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.