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: 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
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.