World Perspectives
biofuel

E15; Biodiesel Duties; The Debt Limit

E15 and SREs  Yesterday the EPA submitted its proposal for year-round E15 use to the Office of Management and Budget (OMB) for sign-off. As noted here on Friday, a quick timeline for approval could be 75 days, which is slightly less than the number of days before the 1 June start of the summer driving season. Thus, the countdown is underway, and the rule will be out as early as next week. As also reported then, the petroleum industry is likely to challenge the EPA waiver in court, but legislation has been introduced in the Senate that would address the justification for that move (click here). Meanwhile, the EPA has updated information on the petitions received for small refinery exemptions (SREs) for compliance year 2018, which rais...

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Tomorrow, 29 March is a holiday for the CBOT/CME markets in observance of Good Friday. Please note that our office will also be closed. The next Ag Perspectives will be published Monday, 1 April. ...

feed-grains soy-oilseeds wheat

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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.

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