Last Friday, the Administration announced its plans to boost the ethanol volumes under the RFS to “more than 15 billion gallons,” however, as we reported on Tuesday of this week, it is more likely that EPA will set ethanol Renewable Volume Obligation (RVO) for 2020 to net out at 15 billion gallons. We will find out soon as EPA sent its proposed supplemental rule on the 2020 RVOs to the Office of Management and Budget (OMB) for review this week. Assuming OMB completes its oversight in a timely fashion the proposal should be published in the Federal Register next week. It is expected that the proposal will be open for a 15 day comment period, which would close by the end of October. That would leave only 30 days...
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...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.