There’s a lot of uncertainty surrounding biofuel regulatory policy currently, much of which has whipsawed RINs prices.There’s a lot of uncertainty surrounding biofuel regulatory policy currently, much of which has whipsawed the price of renewable identification numbers (RINs) – especially RINs for biomass based diesel. RINs, of course are the credits that are used to comply with biofuels regulations, particularly the volume mandate, so with the rules being up in the air, RINs trading also is filled with uncertainty, and probably will be through 30 November when the final 2018 (and 2019 in the case of biodiesel) volume mandates are established.Bull impact: The high point for biodiesel RINs prices was 23 August, one day after the Department o...
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...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
From WPI Consulting
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.