World Perspectives
biofuel

More Meetings on RIN Price

The series of White House meetings on an administrative fix to the costs of Renewable Identification Numbers (RINs), which began in December 2017, will continue. This is despite the drop in 2018 D6 ethanol RIN prices to $0.32-0.34 this week versus around $0.70 in January. RINs for 2017 have been trading at a $0.05-0.06 discount. The upcoming confab will include all the key players from the Senate: biofuels advocates Charles Grassley (R-Iowa) and Joni Ernst (R-Iowa), who want to lower compliance costs of the Renewable Fuel Standard (RFS) and RIN prices through an expansion of E15, and refinery champions Ted Cruz (R-Texas) and Pat Toomey (R-Pennsylvania). For those keeping score, the doubles team of Cruz and Toomey are ahead so far; the admi...

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U.S. July Fourth Holiday

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feed-grains soy-oilseeds wheat

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U.S. July Fourth Holiday

Please note that Ag Perspectives will not be published tomorrow, Friday, 4 July in observance of the Fourth of July holiday in the U.S. We will resume our normal report schedule on Monday 7 July...

livestock

Livestock Roundup: China Impact on Red Meat Markets

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feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.37/bushel, up $0.035 from yesterday's close.  Sep 25 Wheat closed at $5.5675/bushel, down $0.0725 from yesterday's close.  Nov 25 Soybeans closed at $10.4925/bushel, up $0.0125 from yesterday's close.  Dec 25 Soymeal closed at $292.2/short ton, up $1.4 fr...

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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.

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