World Perspectives
biofuel

Biden EPA Could Inherit an Obama-Biden Era RFS Court Ruling

With controversy over small refinery exemptions (SREs), election year political strategies, and COVID, the U.S. Environmental Protection Agency (EPA) never issued the required volume obligations (RVOs) for 2021 as required under the Renewable Fuel Standard. The statutory deadline is one week from today, 30 November. That deadline won’t be met, as EPA never even issued the proposed RVOs (though they finished those in May); the proposed volumes must be published for public comment before they can be finalized. That leaves the most likely option – punt the rule until next year and let the new Biden EPA take it up.   Even if it was the Biden EPA’s first action next year, it can’t happen before the end of Janua...

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feed-grains soy-oilseeds wheat

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Trade at the CBOT was mostly lower heading into Thursday’s Grain Stocks and Prospective Plantings reports from the USDA, but wheat futures managed to find midday support and settle higher. Wheat’s strength came from another week of cautious gains in Russian FOB offers, which is seen...

BRICS Grain Exchange; EU Policy Foibles; Yen Implosion

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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.

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