We have long maintained that the math behind the Renewable Fuel Standard (RFS) is unsustainable. As previously asserted, 2013 will be the year that RFS reform becomes a congressional issue and that E15 liability will be a major issue (see WPI 26, 30 September 2011). Today House Energy and Commerce Committee staff averred in congressional newspaper The Hill that they will be holding hearings on the RFS next year.Among the concerns cited is the impact of E15 now that E10 has met the blend wall. The Environmental Protection Agency (EPA) has approved E15 for vehicles older than the 2001 model-year under a specified misfueling mitigation plan. However, the American Automobile Association (AAA) notes that only flex-fuel vehicles, 2012 or newer...
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.