There was another blow to the cellulosic mandate this week as well as a new study challenging the notion that advanced biofuels reduce greenhouse gas emissions, specifically cellulosic ethanol made from corn stover.Cellulosic biofuels are facing some bad press this week. First, there was another blow to the cellulosic mandate as cellulosic fuel production did not meet its lowered required volumes in 2013. As a result, they were waived retroactively by EPA. In an order signed by EPA Administrator Gina McCarthy this past Tuesday, the agency will reduce the original cellulosic mandate of 6 million gallons per year to 800,000 gallons in order to meet the production level. Previously under the statute, refiners and blenders had to buy credits fr...
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.