World Perspectives
biofuel

EPA Effectively Clears the Board of Pending SREs, Projects Not Approving Future Petitions

The EPA announced on Friday that it denied 26 requests for “small refinery exemptions” (SREs) over the periods of 2016-2018 and 2021-2023. There are still two SRE petitions pending for the 2018 compliance year.  SRE’s have been a contentious issue for several years. SREs are provided for under the Renewable Fuel Standard (RFS) if small refineries (i.e., less than 75,000 barrels of crude oil per day) can prove compliance with the RVOs would subject them to disproportionate economic hardship. The original RFS made these exemptions automatic for small refiners through 2010, and then Congress extended that through 2012. After that, the refineries had to petition to receive an SRE and prove economic harm. There is no stat...

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feed-grains soy-oilseeds wheat

Market Commentary: CBOT Gains Continue on Weather Market, Risk-On Mentality

The CBOT followed the higher trend it established earlier this week with still more bullish news emerging to close the week. First off, the weather remains challenging for the U.S., South America, and Europe and, secondly, Russia’s 2024 wheat crop and exports saw another downward revision...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

The attached PDF offers graphical depiction and seasonal analysis of managed money and commercial traders' net position in key agricultural commodity markets. The data is, of course, taken from the CFTC's weekly Commitment of Traders report, using the futures only data. WPI recently completed a...

soy-oilseeds

Oilseed Highlights: South America/SAF Driving Developments

The Market For the week, the July soybean contract added 37.75 cents (3.2 percent) in value. November soybeans closed out Friday’s trading at $12.01/bushel, the highest close in over a month above the 100-day moving average for the first time this year. July soymeal moved $27.5 (7.9 perce...

feed-grains soy-oilseeds wheat

Market Commentary: CBOT Gains Continue on Weather Market, Risk-On Mentality

The CBOT followed the higher trend it established earlier this week with still more bullish news emerging to close the week. First off, the weather remains challenging for the U.S., South America, and Europe and, secondly, Russia’s 2024 wheat crop and exports saw another downward revision...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

The attached PDF offers graphical depiction and seasonal analysis of managed money and commercial traders' net position in key agricultural commodity markets. The data is, of course, taken from the CFTC's weekly Commitment of Traders report, using the futures only data. WPI recently completed a...

soy-oilseeds

Oilseed Highlights: South America/SAF Driving Developments

The Market For the week, the July soybean contract added 37.75 cents (3.2 percent) in value. November soybeans closed out Friday’s trading at $12.01/bushel, the highest close in over a month above the 100-day moving average for the first time this year. July soymeal moved $27.5 (7.9 perce...

Circling the Corral; Un-deglobalizing

Circling the Corral Florida now bans the marketing of cultivated meat. Florida Governor Ron DeSantis said lab-grown meat was a threat to the state’s beef cattle industry, the ninth largest in the country. The National Cattlemen’s Beef Association has limited its demands to just have...

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From WPI Consulting

Accountability and a comprehensive approach to export programming

WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.

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