As expected, last Friday the EPA published its final rule to allow year-round E15 sales. That rule included a much scaled-down proposal regarding the trading and holding of Renewable Identification Numbers (RINs), which the agency said is a way to increases transparency to deter price manipulation. This is one of the EPA’s original four proposals on RINs. Obligated parties will be required to report on a quarterly basis both their separated RIN holdings, provided those holdings exceed 3 percent of the party’s implied Required Volume Obligation (RVO), as well as their RIN inventory measured against 130 percent of their total implied conventional renewable fuel obligation. The reporting would be limited to a simple “yes&rdq...
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
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.