With the Trump administration’s plan to reduce RIN prices expected to be released at any moment, it was timely that the Intercontinental Exchange (ICE) saw its first trade of the D6 ethanol RINs futures contract. On 21 May, the exchange offered a monthly cash-settled future based on the OPIS daily assessment price. According to the Oil Price Information Service (OPIS), the contract traded twice today at 20 cents. There was one transaction of nine lots and another of a single lot. A contract is 50,000 RINs. RIN prices are down from about 86 cents at the beginning of the year and reached as low as 18 cents yesterday. Currently, the ethanol credits are trading at the lowest level in about five years. The small refinery waivers issued by...
What You Need to Know Today: Brazilian President Luiz Inácio Lula da Silva secured reelection on Sunday, defeating right-wing Senator Flávio Bolsonaro despite trailing in the first round of voting. The surprise victory triggered a sharp selloff in Brazilian financial market...
The 2026 midterm elections are a week from tomorrow, but early voting has been taking place for weeks. At stake is control of Congress, including the House of Representatives, where all 435 seats are contested, and the Senate, where approximately one-third of the seats are up for election. Farm...
Key Takeaways: Total U.S. crop acres (excluding hay) are forecast to expand fractionally this year due to greater oilseed crop and winter wheat plantings. One of the key drivers of this year’s crop outlook is input costs, and crops with a lower cost profile have an advantage in producers...
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.