World Perspectives
biofuel

Ethanol, Pesticides and Politics

The EPA announced late Friday that it had granted 31 small refinery exemptions (SREs) for 2018, bringing the total number to 7.4 percent of the overall 19.29-billion-gallon required biofuel volume obligations under the Renewable Fuel Standard (RFS). By comparison, the 2017 SREs were 9.4 percent of the overall RFS volumes. Biofuel groups and the National Corn Growers (NCGA) reacted with predictable opposition to the news, especially since President Trump’s announcement of year-round E15 use earlier this year was met with the industry’s frustration on SREs as a more pressing issue. There is some indication that their message was received by the administration. In its press statement regarding the SREs, the EPA took the unusual...

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Expectations of crop tours finding yields below USDA’s latest estimate gave the CBOT a boost to end what has otherwise been a bearish week. Private yield estimates prompted a round of short covering in the corn and soybean markets, while wheat was left largely directionless. Cattle prices...

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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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