There was a lot to sort through on Tuesday’s RVO announcement. Below is a look at some key issues. SREs: There has been a lot of media coverage implying that the EPA will deny all pending small refinery exemption (SRE) requests. But as we wrote on 7 December, that action would be “subject to a notice and public comment review since it is a change in EPA’s process on SREs.” Specifically, EPA is calculating a low and high end of a range for SREs. At the low end, EPA is considering the exempted volume is zero; at the high end, EPA is calculating SREs based on the “same methodology used in the 2020 final rule.” That would be 8.19 billion gallons of total fuel (not biofuel) produced by small refi...
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
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.