Last Thursday at a hearing of the House Energy and Commerce Committee, the EPA Administrator said that a decision on how EPA would review and grant small refinery exemptions (SREs) would come within “days, not weeks.” The clock is ticking. The review is being driven by a decision of the 10th Circuit Federal Court of Appeals in Denver which ruled that EPA went beyond its authority in granting three different small refinery exemptions (SREs) in 2016 and 2017. As we reported on 28 January… Under the decision, the Court ruled that none of the three refineries consistently received an SRE prior to their 2016 exemption petitions, so the EPA had exceeded its authority to grant extensions of the SREs “b...
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.