It is June, halfway through CY 2013, and thus far no required volume obligations (RVOs) have been set for the Renewable Fuel Standard (RFS). The U.S. Environmental Protection Agency (EPA) on 1 February issued proposed levels that were subject to a 45-day comment period, which has long elapsed, and a public hearing on 8 March.EPA noted that the 2013 mandates could be met with carryover Renewable Identification Numbers (RINs). However, 2014 would be more difficult because the inventory of RINs would be depleted and because lower ethanol production would not be sufficient to rebuild that supply -- especially as the RFS grows. This summer the EPA will finalize the 2013 limits and propose 2014 mandates. The RFS calls for 18.15 billion gallons...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
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.