World Perspectives
biofuel energy

Court Rules Against the EPA on RFS Waiver

There is more chaos for the RFS after a Federal Court rules the EPA’s 2016 waiver of ethanol volumes to avoid the 10 percent blend wall was invalid under the statute.As Gary Blumenthal mentioned (see Ag Perspectives, 28 July), the U.S. Court of Appeals decided against the U.S. EPA last Friday regarding how the agency interpreted its waiver authority in setting the Required Volume Obligations (RVOs) under the Renewable Fuel Standard (RFS) for years 2014 through 2017. The 2007 Energy Independence and Security Act (EISA) statute grants the EPA general waiver authority for all four categories of fuel (total, advanced, convention ethanol, and biodiesel) under certain conditions that include:

when enforcing the mandated volumes would cause “se...

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feed-grains soy-oilseeds wheat

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Jul 26 Corn closed at $4.635/bushel, down $0.0025 from yesterday's close.  Jul 26 Wheat closed at $6.1675/bushel, down $0.035 from yesterday's close.  Jul 26 Soybeans closed at $11.785/bushel, up $0.0375 from yesterday's close.  Jul 26 Soymeal closed at $319.1/short ton, up $2.6...

feed-grains soy-oilseeds wheat

Market Commentary: Mixed Week and a Mixed Outlook

This is the limbo period between the expectations and reality of a new crop going into the ground. Prices gyrate in a narrow range, awaiting something more definitive than planting “intentions.” The bears see a planting pace off to a quick start, the bulls see ground that in many pl...

Kevin Warsh’s Confirmation Hearings and Policy Directions

Kevin Warsh, formerly a member of the Federal Reserve Board, has been nominated by President Trump to be the Chairman of the Federal Reserve. Trump has long been critical of current Chair Jerome Powell, even opening a Department of Justice (DOJ) investigation into the handling of cost overruns...

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Kevin Warsh’s Confirmation Hearings and Policy Directions

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biofuel energy

E15: What Does It Mean?

Previous administrations—including that of President Donald Trump—have promoted domestic consumption of corn and soybeans through expanded biofuel mandates and subsidies. The original framework for this policy was the Energy Independence and Security Act of 2007, which required the...

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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.

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