EPA has sent the 2014 Required Volume Obligations (RVO) rule to the Office of Management and Budget for review. This rule establishes how much ethanol and biodiesel will be required to be blended into the gasoline supply for 2014. EPA has telegraphed its intentions at least twice now with the first being the proposed 2013 RVO that indicated excess carryover Renewable Identification Numbers (RINs) would help meet the mandate for 2013, but that the situation would be different in 2014. The second time was with the final 2013 RVO that came out quite late on 6 August and stated that it would be difficult to mandate more than 13.2 billion gallons of ethanol for 2014.Of course, the issue is the expanding Renewable Fuel Standard (RFS) mandate sp...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
Key Takeaways: With the fall calf run now upon us, producers are finally getting a glimpse of what their realized profits will be for 2026. Some producers may have already obtained a strong estimate of 2026 revenues, especially if calves were forward sold in, for example, the mid-summer...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
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.