Some are suggesting that the market is betting on an EPA reversal by bidding up the Renewable Identification Number (RIN) prices that have increased from about 34 cents to more than 55 cents.As we have noted previously, the comment period for EPA's proposed Required Volume Obligation (RVO) rule for 2014 biofuels closed at the end of January. There were nearly 16,000 comments submitted, which means it may not be May or June until the rule is finalized. EPA proposed that corn ethanol be set at 13 billion gallons, well below the statutory level of 14.4 billion gallons provided by the Renewable Fuel Standard (RFS) in the 2007 Energy Independence and Security Act (EISA). This is the first time since the RFS was established that a reduction in th...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.