The Energy and Power subcommittee of the House Energy and Commerce Committee held the first of two marathon hearings on the Renewable Fuel Standard (RFS) today with 16 witnesses scheduled. The hearing topic was an Overview of the RFS: Stakeholder Perspectives and was not necessarily aligned with the Committee white papers that are forthcoming on various topics.According to the Renewable Fuels Association (RFA), the RFS has been an unmitigated success by virtually any measure but especially underscored was the dependence on imported petroleum and the lowering of gasoline prices. According to the RFA's Bob Dineen, the current RFS has plenty of flexibility that mitigates any potential negative effects on consumers. Dineen commented on factor...
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...
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.