The U.S. Environmental Protection Agency (EPA) today denied requests from several governors and the livestock industry to waive the Renewable Fuel Standard (RFS). EPA received more than 30,000 comments on the waiver request. WPI predicted that EPA would deny the waiver based on the structure of the Agency's request for comments, which evaluated the following: (a) Whether compliance with the RFS would severely harm the economy of Arkansas, North Carolina, other states, a region, or the United States;(b) whether the relief requested will remedy the harm;(c) to what extent, if any, a waiver would change demand for ethanol and affect prices of corn, other feedstocks, feed, and food;(d) the amount of ethanol that is li...
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.