Seeing a physical blend wall that creates a gap between the amounts of corn-based ethanol the industry can produce and can be absorbed in the gasoline market, EPA has proposed reducing the ethanol volume required. RFS Position Reinforced Seeing a physical blend wall that creates a gap between the amounts of corn-based ethanol the industry can produce and can be absorbed in the gasoline market, EPA has proposed reducing the ethanol volume required under the renewable fuels standard (RFS) by 14 percent in 2014. The agency has reportedly received 14,000 comments from the public from all sides of the issue. Thirty-one U.S. senators have written EPA demanding that the 2014 biofuel mandate be established at the statutory maximum. Today, EPA Adm...
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
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.