Reason for RFS Waiver Currently attention is being focused on the near-term impact of the current short crop and whether the Environmental Protection Agency (EPA) should temporarily waive all or part of the biofuel mandate. In short, should the agency better spread the pain of reduced supply across all consumption categories. However, Purdue University's Wall Tyner makes the point that a waiver would also preserve the availability of Renewable Identification Numbers (RINs) for 2014 and beyond, when the mandated production level is more likely to exceed the market's ability to absorb it due to declining gasoline use and the problems with using higher blends. EPA Costs Consumers The EPA announced that it is increasing the required use of...
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...
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.