The EPA announced yesterday that it had granted five additional small refinery exemptions (SREs) for 2017, reducing the number of pending petitions in the queue for that year as of 1 March from seven to two. This brings the total number of exemptions to 9.4 percent of the 19.28 billion gallons in overall biofuel required volume obligations under the Renewable Fuel Standard (RFS). After a company submits a petition to the EPA, the exemption is granted if the agency determines that complying with the RFS would create "disproportionate economic hardship." Small refineries are defined as producing no more than 75,000 barrels per day (bpd) of crude in 2006 and an average aggregate daily throughput of the same limit in the most recent full calen...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Consumer spending is a key driver of the U.S. economy, and the latest retail sales data indicate that spending remains robust despite inflation. In September, total retail and food service sales rose more than 6 percent year-over-year, with food service spending up 7 percent and...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
From WPI Consulting
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.